According to Reuters, Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.
Reuters writes that the November trade gap was greatest it has been since July.
Reuters writes that UBS (UBS) has told shareholders it will need an emergency capital hike.
The Wall Street Journal writes that Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).
The Wall Street Journal reports that ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field
The Wall Street Journal write that the board of Delta (DAL) is soncidering a merger with Northwest (NWA) or United (UAUA)..
The Wall Street Journal reports that the slowdown hit results at American Express (AXP).
The Wall Street Journal writes that Toyota (TM) is looking to India for future growth.
The Wall Street Journal writes that Microsoft (MSFT) has named a new head of its large business software unit.
The Wall Street Journal says that Verizon (VZ) is seeing no slowdown in its business.
The New York Times writes that a huge oil field found off Brazil could turn the country into a major power in the world energy market.
The New York Times reports that Merrill Lynch (MER) could report a huge write-down of $15 billion.
The New York Times writes that the New York Attorney General is opening an antitrust probe into Intel (INTC).
The FT writes that Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.
Barron’s writes that Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).
Douglas A. McIntyre
T
MSFT, TM, YHOO, F, INTC, MER, VZ, AXP, DAL, NWA, UAUA, COP, CFC, BAC, UBS
Top Gaining Stocks
Top Losing Stocks