Updated throughout the day.

Update:  The rapidly falling dollar is causing Asian importers of small cars to lose money on most vehicles and will force European luxury auto companies to raise prices giving American manufacturers an edge in the upcoming months (WWJ-Detroit)

Update:   CIT may get fundingfrom Citigroup (C) and Barclays (BCS). (Bloomberg)

CIT (CIT) could be taken over by its bondholders or it could go into Chapter 11. Yesterday the stock rose sharply on NY Post reports that a hedge fund manager would save the firm. (WSJ) The stock was down to $1 last night but is only off to $1.41 at 8.40 AM.

Apple (AAPL) will try to use its new tablet to redefine the way people read newspapers, magazines, and books. (Gizmodo)

The improvement is housing may just be because of government “goosing”. (The Daily Deal)

Apple (AAPL) may launch a Mac mini (AppleInsider)

TimeWarner’s (TWX) AOL property may be worth$4 million, depending on who is doing the valuation. (AllThingsD)

Playboy (PLA) may be sold (BusinessWeek).

JPMorgan’s (JPM) Jamie Dimon will take a government jobin two to three years.  (Clusterstock)

Microsoft’s (MFST) Courier booklet will run Windows 7 and launch in mid-2010.  (Ars Technica)

Douglas A. McIntyre

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