According to Reuters, tech giants reported reasonable earnings for last quarter because of cost cutting and a resilience in a bad economy.

Reuters reports that Chrysler is still working on a deal with Fiat but is also preparing to file Chapter 11.

Reuters writes that the US pressured Bank of America (BAC) to close the Merrill deal.

Reuters writes that the G7 is touting economic hope but taking heat for its rescue of banks.

Reuters reports that Obama called for credit card reform.

Reuters writes that Amazon (AMZN) beat estimates.

Reuters writes that Fed data show that its lost about $3 billion on the Bear Stearns rescue.

Reuters reports that American Express (AXP) beat earnings estimates.

The Wall Street Journal reports that Chrysler is near a bankruptcy filing.

The Wall Street Journal reports that Morgan Stanley (MS) is considering spinning out its hedge funds.

The Wall Street Journal reports that Cuomo urges a federal investigation of pressure the Paulson and Bernanke put on Bank of America (BAC).

The Wall Street Journal writes that regulators see a risk in the US taking stakes in banks.

The Wall Street Journal reports that decreased steel prices are likely to cause a shake-out in the industry.

The Wall Street Journal reports that Samsung’s net fell 72%.

The Wall Street Journal reports that NetFlix (NFLX) posted strong results.

The Wall Street Journal reports that the White House is seeking an easing of credit card rules.

The Wall Street Journal report that the GAO says the stimulus plan is off to a slow start.

The Wall Street Journal reports that the IMF is urging funds for weaker nations.

The Wall Street Journal reports that Mizuho Financial expects a $5.9 billion loss for the year.

The Wall Street Journal reports that oil prices have been stable at around $50.

The Wall Street Journal reports that investors in banks with large exposures to commercial real estate will need to watch how the financial firms value large office buildings.

The Wall Street Journal writes that a deal to get consumers to turn in old cars is making progress.

The Wall Street Journal reports that EMC (EMC) profits fell.

The Wall Street Journal reports that Yahoo! (YHOO) will shut GeoCities.

The Wall Street Journal writes that the economy pushed UPS (UPS) profits down.

The New York Times reports that Chrysler’s creditors are getting ready to make a counteroffer.

The New York Times reports that problems at car makers could upset pension plans outside the industry.

The New York Times reports that states are turning to furloughs to save money.

The FT reports that Fiat is considering a stake in GM (GM) Europe.

The FT reports that getting asset managers for the new US program to buy toxic assets may be undermined by the threats of government intervention.

The FT reports that some investors are lobbying hard against legislation that would reduce foreclosure in the US.

The FT reports that US banks could be forced to hold more equity than initially expected under stress test rules.

Bloomberg reports that Nomura posted at $2.2 billion loss.

Douglas A. McIntyre

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