According to Reuters, lenders and Clear Channel (CCU) have reached an agreement for an LBO of the company.

Reuters writes that Carl Icahn may mount a proxy fight for control of Yahoo! (YHOO)

Reuters reports that Greenspan says the US may be in a mild recession.

Reuters writes that Merrill Lynch (MER) say tax rebates will not end recession.

Reuters says that Sony (SNE) posted a surprise loss but forecast growth.

Reuters reports that BHP Billiton (BHP) might add more cash to it bid for Rio Tinto (RTP)

The Wall Street Journal reports that a growing number of economists say the US is not in a recession.

The Wall Street Journal reports that the International Energy Agency cut its projection for oil demand.

The Wall Street Journal writes that GM (GM) may try to raise additional cash.

The Wall Street Journal writes that MBIA (MBI) and Ambac (ABK) could lose their Aaa ratings.

The Wall Street Journal writes that Wal-Mart (WMT) will start to hold its toy suppliers to higher standards.

The Wall Street Journal writes that EA (ERTS) posted a loss but revenue grew sharply.’

The New York times writes that oil refineries are seeing their profits drop despite high gas prices.

The New York Times writes that delivery of the Airbus A380 has been delayed again.

The FT writes that Moody’s (MCO) will stick to its current ratings scale.

The FT reports that IAC (IACI) and Liberty Media have reached an agreement on the break-up of Barry Diller’s company.

Douglas A. McIntyre

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