Reuters: The US may need a second stimulus package.
Reuters: Hospitals have agreed to contribute $155 billion over ten years to help with the healthcare package.
Reuters: Treasury is ready to push Wall St. on starting a consumer protection agency.
Reuters: Lear filed for bankruptcy.
Reuters: GM will get its final $20 billion in funding from the government this year.
Reuters: Wells Fargo (WFC) will expand its securities business.
Reuters: The Justice Department is considering a probe of the cellular phone industry.
Reuters: A Goldman Sachs (GS) programmer who tried to steal valuable software is out on bail.
Reuters: The US office market vacancy rate is continuing to spiral down.
Reuters: VMWare (VWM) is about to lose its rich valuation.
Reuters: Fitch cut California’s debt to “BBB.”
WSJ: Six Illinois banks collapsed because of holding of trust preferred securities.
WSJ: The economic downturn has made trade talks a priority.
WSJ: Drug makers are seeking sales in developing nations.
WSJ: GM and its US backers face a tough road.
WSJ: The US has boosted access to food stamps.
WSJ: The ECB says slow lending is hurting the recovery in Europe.
WSJ: Pepsi (PEP) will invest $1 billion in Russia.
WSJ: EMC (EMC) has raised its offer for Data Domain.
WSJ: Discover (DFS) will raise $500 million by selling stock.
WSJ: GE (GE) is investing in its weakest divisions because it cannot sell them.
WSJ: Some banks will stop taking California IOUs.
WSJ: China’s blue chip stock index may fall in Q3.
WSJ: India released a large stimulus package.
WSJ: GE Capital is dealing with significant regulatory problems.
WSJ: Beijing Automotive is pushing its bid for Opel.
NYT: Consumers are spending less on jewelry.
NYT: France is getting stimulus money into its economy much faster than the US is.
NYT: VCs think too many dollars are chasing the next “big idea.”
NYT: Fiat and a Chinese car maker formed a joint venture.
FT: AIG (AIG) called its former CEO Greenberg a liar.
FT: The earnings season brings a search for “green shoots.”
Bloomberg: G8 nations are losing influence due to their debt burdens.
Douglas A. McIntyre
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