Reuters:   CIT (CIT) may be close to bankruptcy.

Reuters:   China GDP rose 7.9%.

Reuters:   Foreclosures hit a record in the first half of 2009.

Reuters:   Obama pressed Congress on a healthcare bill.

Reuters:   Talks have not broken California’s budget impasse.

Reuters:   Secret laws in China are hurting Rio Tinto (RTP) staff.

Reuters:   Americans are turning to theInternet for help for problems due to the recession.

Reuters:   Bank of America (BAC) is operating under a secret regulatory agreement.

Reuters:   Porsche make accept a merger agreement with VW.

Reuters:   Google (GOOG) will face a hard time posting a good second quarter.

WSJ:   Top bankers in the US and UK are getting big pay packages.

WSJ:   Lenders are having trouble restructuring troubled home loans.

WSJ:   Wal-Mart (WMT) is planning “green” ratings on may products.

WSJ:   Germany is pressuring GM on an Opel sale.

WSJ:   AMR (AMR) posted a large loss.

WSJ:   Northrup Grumman (NOC) is being helped by changes at the Pentagon.

WSJ:   Citigroup (C) and the FDIC are entering a memo of understanding for the bank can work out its problems quietly

WSJ:  Sony Ericsonn (SNE)(ERIC) posted a loss.

WSJ:   Apple (AAPL) has blocked the Palm (PALM) Pre for iTunes use.

WSJ:   Economic experts are telling Congress to leave the Fed alone.

WSJ:   Ford’s (F) debt is becoming an issue.

WSJ:   GM is looking for younger buyers for the Buick.

WSJ:   UnitedHealth (UNH) and Cisco (CSCO) plan a health network.

NYT:   Retailers say that bank fees on their credit cards have hurt their cost of doing business.

NYT:   Congress is appointing the head of an investigation into the causes of the financial crisis.

NYT:   The government is looking into whether clearing house for derivatives use inside information.

NYT:   China says Rio Tinto (RTP) gave bribes to a number of people.

NYT:   California IOUs will begin to trade on an open market.

Douglas A. McIntyre

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