Reuters: The US faces a long period of economic stagnation.
Reuters: Obama will release plans for a financial market overhaul.
Reuters: The White House will not help California fix its deficit.
Reuters: Large US company bankruptcies are accelerating.
Retuers: News Corp’s (NWS) MySpace fired 30% of its staff.
Reuters: Developing world leaders showed their new power at their summit.
Reuters: US housing starts rose and inflation is in check.
Reuters: Carlyle and Blackstone (BX) will bid for First Republic.
Reuters: Adobe’s (ADBE) profit margins narrowed.
Reuters: Morgan Stanley (MS) may make changed in its prime brokerage unit.
Reuters: Boeing (BA) will discuss 787 costs with suppliers.
Reuters: Barclays (BCS) accepted BlackRock’s (BCK) offer for its money management unit.
Reuters: Systematic banking risk may be within Congress’ purview.
Reuters: The former CEO of AIG (AIG) denied that he had fiduciary responsibility for some of his actions.
WSJ: The new financial regulation proposal will create a new consumer protection agency.
WSJ: The US will provide four firms with $18.5 billion to help revive the US nuclear power industry. Unistar, NRG, Scana (SGC), and Southern (SO).
WSJ: Morgan Stanley will offer new options to hedge fund clients.
WSJ: Red tape makes it harder for people to modify mortgages, even when they are in trouble.
WSJ: The hedge fund manager who predicted the “black swan” that hit the markets is betting on inflation.
WSJ: The FDA warned about use of Matrixx (MTXX) Zicam.
WSJ: Reynolds did not infringe on Star Scientific (STSI) patents.
WSJ: The IRS was asked to drop a tax on cellphones (S)(T)(VZ)(VOD)(RIMM)(PALM)(AAPL)
WSJ: A request for aid by auto suppliers was turned down.
WSJ: Genzyme (GENZ) closed a contaminated plant.
WSJ: Best Buy (BBY) offered a cautious outlook.
WSJ: Morgan Stanly (MS) will repay TARP funds.
WSJ: RIM (RIMM) launched the Blackberry Tour.
WSJ: The pick to run the FCC favors broadband expansion.
‘WSJ: Fedex (FDX) results may not say much about the future of the economy.
WSJ: A leading hedge fund is betting the government stimulus in Asia will fail.
WSJ: The former CFTC chairman joined NYSE (NYX).
WSJ: Moody’s (MCO) downgraded Beazer (BZH).
WSJ: The Fed’s buying boosted Treasuries.
WSJ: A ruling may cost Expedia (EXPE) millions in fines.
WSJ: Biogen (BIIB) has gained an edge in drug talks against Genentech.
WSJ: DirecTV (DTV) will offer targeted ads.
WSJ: Sinopec (SNP) plans it first deep water well.
WSJ: Starbucks (SBUX) is working to make its coffee fresher.
NYT: Overseas banks are buying cheap Wall St. assets.
NYT: General Mills, Macy’s (M) and P&G (PG) are using ads that recall the ’60s.
NYT: Boeing (BA) and Airbus are preparing for another fight over a military tanker.
FT: A new “Buy China” program will set off charges of protectionism.
FT: The US is urging Twitter to delay a service break due to it being a “vital tool” for citizens.
Bloomberg: Shell says Nigerian disruption problems will extend to next month.
Bloomberg: Toyota (TM) may build the Prius in California
Douglas A. McIntre
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