According to Reuters, Madoff will plead guilty.

Reuters reports that most consumers do not expect any recovery until 2010.

Reuters reports that Bernanke says new management at AIG (AIG) has curbed costs.

Reuters reports that Chinese exports fell.

Reuters writes that the uptick rule may be brought back.

Reuters writes that Greenspan says the Fed did not cause the housing bubble.

Reuters that Toshiba shares jumped on a surprise profit.

Reuters reports that the Treasury Secretary said the US economy is in a “deep mess” but can be fixed.

Reuters reports that the head of Blackstone (BX) said that 45% of the world’s wealth has been destroyed.

Reuters reports that United Technologies (UTX)  will cut 11,600 jobs.

The Wall Street Journal reports that the number of job openings is dropping.

The Wall Street Journal writes that the Fed is considering whether to pump more money into the economy.

The Wall Street Journal reports the muni bonds are rallying do to federal aid for local government.

The Wall Street Journal reports women are cutting maternity leave short.

The Wall Street Journal reports that more workers claim age bias in layoffs.

The Wall Street Journal reports that foreclosures are hurting developments with new houses for sale.

The Wall Street Journal reports that even healthy firms are felling pinched when they want to borrow.

The Wall Street Journal reports that Disney (DIS) is opening a new website that will ask to users to pay fees.

The Wall Street Journal reports that top bankers are leaving Wall St.

The Wall Street Journal reports that Blockbuster (BBI) is trying to get rent reduction at a number of its stores.

The Wall Street Journal reports that Honda (HMC) is seeing strong sales of its new hybrid.

The Wall Street Journal reports that more airlines are cutting flights.

The Wall Street Journal reports that Sirius (SIRI) expects a slight rise in subscribers.

The Wall Street Journal reports that the head of EMC (EMC) says tech budgets will shrink.

The Wall Street Journal reports that Apple (AAPL) may introduce a new device.

The New York Times reports that some banks want to return government aid because of attached strings.

The New York Times reports that smartphone advertising has great potential.

The New York Times reports that Wal-Mart (WMT) will market digital healthcare records.

The New York Times reports that niche TV channels are being hurt by the downturn.

The FT reports that Merrill may have marked down certain assets as part of bonus payouts.

The FT reports that China had a 26% drop in exports.

The FT reports that the US is at odds with the EU over spending to end the recession.

Bloomberg reports that UBS (UBS) has $10 billion in losses last year.

Bloomberg reports that Citigroup and Bank of America (BAC) bondholders may be the next to experience pain.

Douglas A. McIntyre

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