According to Reuters, earnings from Texas Instruments (TXN) disappointed investors and the company issued a weak forecast.

Reuters report that RBS (RBS) will raise $24 billion to help the bank which is likely to write-down $6 billion in assets.

Reuters writes that the net rose at Boston Scientific (BSX) due to cost cuts.

Reuters writes that Tribune plans to sell the huge newspaper Newsday to News Corp (NWS).

The Wall Street Journal writes that banks will have to raise more money to cover loan loss reserves.

The Wall Street Journal reports that Air France will drop its bid for Alitalia.

The Wall Street Journal writes that Saudi Arabia will begin pumping oil from the largest new field found since the 1970s.

The New York Times writes the the government has found tainted Herparin in 11 countries and it has caused 81 deaths in the US.

The New York Times writes that gas prices have hit $3.50 and will probably continue to rise.

The FT reports that OPEC supply concerns have pushed oil above $117.

Bloomber writes that Warburg Pincus has raised $15 billion for its new fund.

Douglas A. McIntyre

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