According to Reuters, National City (NCC) will raise as much as $7 billion.

Reuters writes that Viacom (VIA) will launch a pay TV channel to compete with Time Warner’s (TWX) HBO. Its partners will include MGM and Lionsgate.

Reuters writes that The National Association for Business Economics members are becoming more concerned about the economy.

Reuters writes that drivers are paying record prices for gas.

Reuters reports that a German magazine wrotes that Boeing’s (BA) Dreamliner will be delayed again.

The Wall Street Journal reports that Blockbuster (BBI) may not be able to finance its plan to buy Circuit City (CC).

The Wall Street Journal writes that the Saudis are reluctant to start more oil project which could drive prices higher.

The Wall Street Journal writes that losses at Citigroup (C) and Merrill Lynch (MER) could have been worse but an accounting feature allowed them to keep some write-downs off their books.

The Wall Street Journal reports that The Bank of England plans to put $100 billion into the banking systems to try to offset mortgage losses.

The Wall Street Journal writes that Yahoo! (YHOO) hope that a solid quarter will improve its leverage with Microsoft (MSFT).

The Wall Street Journal writes that  Microsoft is starting to sell software on a subscription-based model.

The New York Times writes that biotech grains are becoming more popular as food prices rise.

The FT writes that Bank of America (BAC) will sell part of its China bank venture to raise money.

Bloomberg reports that emerging market oil use has passed that by the US for the first time

Douglas A. McIntyre

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