According to Reuters, the Fed’s plans to buy Treasuries is like a program called “Operation Twist” which was part of the agencies effort to help the economy almost fifty years ago.

Reuters reports that the head of AIG (AIG) has asked some employees to pay back bonuses.

Reuters writes that Sun (JAVA) may be able to sell itself to IBM (IBM) at a high premium.

Reuters writes that China investigated J&J (JNJ) baby food.

Reuters reports that the government is near a framework to rescue GM (GM) and Chrysler.

Reuters writes that a  risk watch dog will not solve all of the problems of regulators.

Reuters reports that Citigroup (C) and Morgan Stanley (MS) are earmarking more shares for employees.

Reuters reports that the rise in Citi shares has triggered a short squeeze.

Reuters reports that Sony (SNE) has frozen wages.

Reuters reports that Oracle (ORCL) results beat forecasts and it added a new dividend.

Reuters reports that the next two months are critical for MGM Mirage (MGM).

The Wall Street Journal reports that a judge says Merrill must give the names of those who got large bonuses.

The Wall Street Journal reports that Obama took blame for the AIG bonuses.

The Wall Street Journal reports that an amendment to the stimulus package by Dodd might have killed the AIG bonuses.

The Wall Street Journal reports that the AIG backlash may spread to other firms.

The Wall Street Journal reports that Geithner is being hurt by the bonus uproar.

The Wall Street Journal writes that more employers are cutting severance packages.

The Wall Street Journal reports that Fannie Mae (FNM) is handing out  bonuses.

The Wall Street Journal reports that Nike (NKE) gave a tough outlook.

The Wall Street Journal reports that the government plan to help consumer lending is off to a slow start.

The Wall Street Journal reports that some money funds will cut yields.

The Wall Street Journal reports that Palm (PALM) will try to take share from the RIM (RIMM) Blackberry.

The Wall Street Journal reports that markets may be nervous about the Fed’s plan to buy Treasuries because it could be viewed as desperate.

The Wall Street Journal reports that the head of Toshiba will step down because of losses.

The Wall Street Journal reports that Starbucks (SBUX) will try to combat the belief that its products are expensive.

The Wall Street Journal reports that shares in Rio Tinto (RTP) are down because of fears that a deal for China to buy a piece of its equity may not go through.

The Wall Street Journal reports that Sony (SNE) and Google (GOOG) will team up to compete with Amazon (AMZN) is the digital books space.

The New York Times reports that Cuomo won the right to get the names of those who got bonuses from Merrill.

The New York Times reports that the use of cash credit cards is growing.

The FT reports that companies are hoarding cash.

Bloomberg reports that mortgage rates could hit their lowest level since WWII.

Douglas A. McIntyre

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