AIG (NYSE: AIG) will meet banks to choose those that will handle the sale of the Treasury’s share in the company. (Reuters)
With a split Congress it is less likely that there will be legislation to force China’s hand on yuan valuation. (Reuters)
RealtyTrac said home foreclosures rose above one million for the first time in 2010. (Reuters)
The World Bank said growth in the developed nations is still too low to create .jobs (Reuters)
Chrysler’s latest goal is to raise money for operations and to pay some shareholders. (Reuters)
The World Economic Forum said the greatest risk to the global economy is default on sovereign debt. (Reuters)
News Corporation (NYSE: NWS) would like to sell or spin-out MySpace. (Reuters)
Research In Motion (NASDAQ: RIMM) says it has given India a solution to access messages to its BlackBerry. (Reuters)
Investors drove up shares in Nvidia (NASDAQ NVDA) due to it move into mobile chips. (Reuters)
IBM (NYSE: IBM) and Samsung will partner to develop new chips. (Reuters)
ITT Corp. will break itself into three pieces. (Reuters)
Data from the USDA on crops drove up agricultural commodity prices .(WSJ)
The global capital markets are still concerned about Portugal’s debt. (WSJ)
The Treasury will issue some tax refunds through debit cards. (WSJ)
The Congressional Oversight Panel said the Treasury would not get back its entire investment in GM (NYSE: GM). (WSJ)
Memory chip prices are falling. (WSJ)
Some investors wonder if Apple’s (NASDAQ: AAPL) stock can hit $1,000. (WSJ)
Illinois prepared for huge tax increases. (WSJ)
Car makers continue to fight rules that would sharply increase vehicle fuel economy. (WSJ)
Detroit auto makers will pressure the UAW on merit pay. (WSJ)
More publishers are inclined to stop selling books to Borders Group. (NYSE: BGP) (WSJ)
Holders of biotech patents are fighting provisions to allow generic competition. (WSJ)
Fuel price may kill airline profits. (WSJ)
Volvo may sell China-made cars in the US. (WSJ)
The FDIC may press new regulation on the pay of bank executives. (WSJ)
Vanguard says the tax advantages of ETFs may be overstated. (WSJ)
An American Express Publishing and Harrison Group , “Survey of Affluence and Wealth in America”, shows that the wealthy think the US is still in recession. (NYT)
ManoftheHouse.com was started by Procter & Gamble (NYSE: PG) to get men advice on household management. (NYT)
Inflation and corruption still hurt India and other Asian economies (NYT)
The Nielsen IPO will be critical to tell private equity firms if they can use public markets to get back investments. (NYT)
The rise in agriculture prices could shock world economies.(FT)
Portugal banks drew on ECB funds. (FT)
Belief that the global economy is growing may move oil beyond $100. (FT)
Microsoft (NASDAQ: MSFT) says Apple (NASDAQ: AAPL) cannot use the term App Store because it is part of the common language of the web. (FT)
EU leaders still face skepticism over the region’s debt. (Bloomberg)
Douglas A. McIntyre
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