According to Reuters, Bank of America will get a huge financial aid package from the government.
Reuters reports that Congress is advancing legislation to release the balance of the TARP funding.
Reuters says that Intel (INTC) sees margins improving in the second half.
Reuters reports that the Minneapolis Star Tribune filed for Chapter 11.
Reuters says that Sony Ericsson posted a larger-that-expected loss.
Reuters reports that three bidders are looking at Circuit City.
Reuters reports that Toyota (TM) cut North American production.
Reuters writes that Wall St. layoffs are hurting landlords.
Reuters reports that the new stimulus package would help the auto industry, airlines, and Amtrak.
The Wall Street Journal reports that Microsoft (MSFT) may have a chance to gain on Google (GOOG) by creating a deal with Yahoo! (YHOO). MSFT CEO Steve Ballmer had a chance to launch his own search product a decade ago and passed on the idea.
The Wall Street Journal reports that the Democrats released plans for a $825 billion economic stimulus package.
The Wall Street Journal reports that debt holders formed a group to negotiate with GM (GM).
The Wall Street Journal reports that JP Morgan (JPM) posted a small profit.
The Wall Street Journal writes that Yahoo!’s new CEO has a compensation package tied largely to the firm’s stock price.
Th Wall Street Journal reports that the aid package may be a major benefit to tech companies.
The Wall Street Journal reports that MSNBC will makes its video more easy to search.
The Wall Street Journal reports that producer prices dropped again last month.
The Wall Street Journal writes that the ECB cut rates to 2%.
The Wall Street Journal reports that new fears of deflation will be set off by release of the Consumer Price Index.
The Wall Street Journal reports that mortgage rates fell below 5%.
The Wall Street Journal reports that Moody’s altered its model for valuing CDOs.
The Wall Street Journal reports that credit losses are testing bank reserves.
The Wall Street Journal reports that new car sales in Europe hit a 15 year low.
The Wall Street Journal reports that Airbus will cut production further if orders keep falling.
The Wall Street Journal reports that the CEO of Target (TGT) will also become chairman.
The Wall Street Journal reports that The Boston Globe will cut staff.
The Wall Street Journal reports that Saks (SKS) will cut staff.
The Wall Street Journal reports that Johnson & Johnson (JNJ) won a stent patent appeal against Boston Scientific (BSX).
The Wall Street Journal reports that Sprint’s (S) new prepay plan will pressure rivals.
The New York Times reports that bank losses are becoming so great that big firms may be end up with the government as the major owners.
The New York Times reports that oil continues to trade at $35 on lack of demand.
The New York Times reports that GM (GM) lowered its estimate for total US vehicles sales this year to 10.5 million which may mean it needs more money.
The New York Times said a drop in wholesale prices may cause deflation.
The FT reports that Intel (INTC) warned of a deteriorating market for chips.
The FT reports that the CEO of JP Morgan (JPM) attacked a new plan that would allow bankruptcy judges to change mortgage terms, saying ti would take lending incentives away from banks.
The FT reports that Hollywood will cut payment to actors as DVD sales falter.
Bloom berg reports that the Treasury could create a "bad bank" to buy toxic assets from banks.
Bloom berg reports that consumer prices in the US probably posted their first annual decline since 1954.
Douglas A McIntyre
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