According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion.

Reuters writes that automakers face big hurdles in 2008.

Reuters reports that the $200 billion Kuwait Investment Authority had no comment about whether it planned to buy into Citigroup or Merrill Lynch (MER).

Reuters writest that Apple (AAPL) and China Mobile (CHL) have ended talks about distributing the iPhone in China.

The Wall Street Journal reports that regulators are looking into pre-deal trading at firms including Goldman Sachs (GS), Morgan Stanley (MS), and JP Morgan (JPM).

The Wall Street Journal writes that a number of bankruptcy judges are looking at Countrywide’s (CFC) lending practices.

The Wall Street Journal writes that GM (GM) plans to produce a car which will cost under $4,000.

The New York Times writes that American’s have cut back sharply on spending.

The New York Times writes that Toyota (TM) will offer a plug-in hybrid in 2010.

The New York Times reports that Yahoo! (YHOO) will try to expand itself into a "starting point" for consumers.

The New York Times writes that Google (GOOG) is seeing a substantial amount of traffic to it mobile search content from customers using Apple (AAPL) iPhones.

The New York Times reports that Amazon (AMZN) will start a free song promotion to try to take business from Apple iTunes.

The FT writes that Kuwait will put $4 billion into Merrill Lynch (MER).

The FT reports that GE (GE) plans to double its renewable energy investment to $6 billion by 2010.

Bloomberg writes that efforts by China to slow its growth may be coming at a bad time for the global economy.

Douglas A. McIntyre

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