According to Reuters, a number of experts do not believe that a rate cut by the Fed will help the falling housing market.

Reuters writes that Alcatel-Lucent (ALU) will cut another 4,000 jobs.

Reuters reports that the UAW takes with Ford (F) have hit an intense phase.

Reuters also reports that Dell (DELL) has filed amended financials and will begin its share buy-back.

The Wall Street Journal reports that Google (GOOG) is in talks with Verizon (VZ) and Sprint (S) about offering a news phone loaded with the search company’s mobile software.

The Wall Street Journal writes that Stan O’Neal left Merrill Lynch (MER) with a $162 million exit package.

The Wall Street Journal reports that oil experts are discussing the possible effects of oil going well above $100 a barrel.

The Wall Street Journal writes the Cerberus has dropped its bid for Affiliated Computer Services (ACS).

The Wall Street Journal writes that experts are questioning if Citigroup (C) should account for structured investment vehicles on their own balance sheets.

The New York Times writes that pharmaceutical ingredients exported from China are often made by firms that are not certified.

The FT writes that Congress has extended the internet tax ban.

Barron’s writes that shares in Shutterfly (SFLY) dropped on a weak forecast for the next quarter.

CNN Money reports that Google (GOOG) and several social networks will offer a platform for applications that will run on any social networking site. The move is seen as a challenge to Facebook.

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.