According to Reuters, Japanese gloom deepened and the government encouraged more coordination with the US.

Reuters reports that AIG (AIG) got billions of dollars from the government that it paid out to other firms.

Reuters reports that Exxon (XOM) will try to take a big role in Iraq’s oil sector.

Reuters says that Lloyd will meet with investors on its plan to have the UK government take a majority stake in the company

Reuters reports that General Growth has asked bondholders for an extension.

Reuters writes that Pepsi’s (PEP) Quaker Oats will refocus on the health benefits of its products.

Reuters reports that China will lower export taxes to zero.

Reuters reports that Dow Chemical (DOW) says M&A talks between Rohm and Haas (ROH) are going well.

The Wall Street Journal reports there is a new fear that credit markets are tightening.

The Wall Street Journal reports that one of Madoff’s executives got fake trading tickets.

The Wall Street Journal writes that the US will push world leaders to spend more on economic stimulus.

The Wall Street Journal writes that jobless scars will outlast the recession.

The Wall Street Journal reports that the Obama car team is finishing up in Detroit.

The Wall Street Journal reports there are cases that the DJIA could fall to 5,000.

The Wall Street Journal reports that Japan posted its first deficit in a decade.

The Wall Street Journal reports that P&G (PG) may make luxury cosmetics.

The Wall Street Journal reports that Chrysler is using more foreign designers.

The Wall Street Journal reports that Lazard named a new M&A head.

The Wall Street Journal reports that more OPEC cuts are unlikely.

The Wall Street Journal reports that large investors are buying gold.

The Wall Street Journal reports that the new Firefox browser may cut Google (GOOG) inquiries.

The Wall Street Journal reports that the oil industry is trying to limit layoffs.

The Wall Street Journal reports that Sinopec says it performance is improving.

The Wall Street Journal reports that CBS (CBS) has made a $6 billion wager on the NCAA.

The New York Times reports that the strength of the US dollar is making it harder for poorer countries to raise money.

The New York Times reports that the World Bank says the global economy will shrink this year for the first time since WWII.

The New York Times reports that NBC (GE) is being strengthened by strong news shows.

The New York Times reports that customized newspapers might bring readers back.

The New York Times reports that GM (GM) Canada is offering labor a deal that could restrict job cuts.

The FT reports that AIG’s (AIG) former head Greenberg says the US bungled the rescue of the company.

The FT reports that “Falls in the value of financial assets worldwide might have reached more than $50,000bn, equivalent to a year’s global economic output, the Asian Development Bank will warn”

Bloomberg reports that GE’s (GE) CEO says that Armageddon will leave him and GE intact.

Bloomberg reports that HSBC (HBC) fell to a 12-year low.

Bloomberg reports that AIG warned that its failure would cripple world banks.

Bloomberg reports that oil futures are near $50 on fears that OPEC plans another production cut.

Douglas A. McIntyre

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