According to Reuters, GM (GM) offered buy-outs to workers after posting a large Q4 loss.
Reuters writes that Warren Buffett offered to insure $800 billion worth of bonds currently insured by monoline insurance companies.
Reuters reports that a major investor in Yahoo! (YHOO) has urged Microsoft (MSFT) to raise its takeover bid.
Reuters writes that Venezuela has halted its oil supplies to Exxon (XOM)
Reuters writes that a service outage could hurt the status of the RIM (RIMM) Blackberry.
The Wall Street Journal writes that Hollywood writers have voted to end their walk-out.
The Wall Street Journal reports that the credit crisis is causing a halt of some student loans.
The Wall Street Journal writes that Delta’s (DAL) CEO has waived his merger pay package.
The Wall Street Journal reports that Google (GOOG) seems to be losing interest in a possible advertising venture with Yahoo!.
The Wall Street Journal writes that Legg Mason has a stake of nearly 15% in Countrywide Credit (CFC).
The Wall Street Journal reports that Delphi is having trouble coming out of Chapter 11 because of lack of funds due to the credit crunch.
The Wall Street Journal writes that Citigroups (C) will support six more SIVs on its books.
The Wall Street Journal writes that the cut in rates by the Fed is helping drive chearper mortgage rates in the hyper-hot Hong Kong real estate market.
The New York Times writes that many experts believe that the Bush plan to help homeowners fell well short of what was needed to help those who are having trouble making payments.
According to the FT, European official raided Intel’s (INTC) offices in Germany.
Douglas A. McIntyre
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