Reuters: Political battles are likely to make this a tough year for the Fed.
Reuters: The head of Toyota (TM) warned of two more tough years.
Reuters: Lawmakers accused Fed of a cover-up in dealing with Bank of America (BAC)
Reuters: California is set to issues IOUs to conserve cash.
Reuters: The new TARP chief says economy is on the mend.
Reuters: BP (BP) selected Ericsson’s (ERIC) CEO as its next chairman.
Reuters: Buffett says that US economy has “no bounce.”
Reuters: The Fed held policy steady and said the recession is easing.
WSJ: Driving is dropping as fuel costs alter peoples’ plans.
WSJ: GMAC is cutting wholesale financing to some dealers.
WSJ: The economy and housing should rise together.
WSJ: The OECD says the economy is improving.
WSJ: The SEC voted to insist money market funds have more liquidity.
WSJ: KKR will go public in Europe.
WSJ: Yahoo! (YHOO) is planning a major brand overhaul.
WSJ: The IRS is stepping up scrutiny of off-shore funds.
WSJ: Wall St has lost interest in the hotel industry.
WSJ: Barclays (BCS) is being asked to give more data on Lehman.
WSJ: Advertisers are giving consumers more power over how their data is used on the web.
WSJ: Best Buy (BBY) is targeting 15% market share of cellphone industry.
WSJ: As banks dress up their balance sheets, credit spreads will spike.
WSJ: Short sellers increased bets on NYSE stocks.
WSJ: Time Warner Cable (TWC) and Comcast (CMCSA) are not doing enough to protect their programs on the web.
WSJ: Delays in the Boeing (BA) 787 could hurt airlines in Asia.
WSJ: Monsanto (MON) will restructure its herbicide business.
WSJ: Nike’s (NKE) net fell 30% on restructuring.
WSJ: Sanofi will cut research and dive into generic drugs.
NYT: The GOP will paint Bernanke as a friend of big government.
NYT: The developing world is seen as an engine for the recovery.
NYT: The World Bank says Russia faces a long recession.
NYT: A CME group disputed the notion that speculators drove up oil prices.
FT: The ECB is pumping 442 billion euros into the banking system.
FT: Critics emerged about Citigroup’s (C) plan to raise pay of some executives.
Bloomberg: Treasuries fell as new auction added to supply concerns.
Douglas A. McIntyre