Reuters: The Congressional Oversight Panel said the Treasury should do more to get toxic assets off bank balance sheets.
Reuters: A federal judge still refuses to sign off on an SEC deal with Bank of America (BAC) and the SEC to settle charges regarding Merrill Lynch bonus payments.
Reuters: Rio Tinto (RTP) says that there is no evidence against its employees detained in China.
Reuters: Facebook bought social media start-up FriendFeed.
Reuters: US home prices fell in Q2 but the pace slowed.
Reuters: Deals in which buyers used distress debt to take control of companies rose to $84.4 billion in 2009.
Reuters: State Street (STT) said it legal reserves may be inadequate.
Reuters: Banks which have fired huge numbers of employees now find themselves short of people for key positions.
Reuters: GE (GE) said bids are coming in for its water division.
WSJ: The SEC is stepping up its enforcement activity, in part to repair its damaged reputation.
WSJ: As Wall St. fired employees, second tier firms are getting some of their best traders.
WSJ: There are two sides to the results of Verizon’s (VZ) deal making.
WSJ: China National Petroleum Corp. and Cnooc have made a $17 billion bid for all of Repsol YPF SA’s stake in YPF, its Argentine unit.
WSJ: Car dealers are having trouble filling their lots due to the “cash for clunkers” offers.
WSJ: Executive pay at government contractors is growing.
WSJ: A large holder of Lenovo is trying to sell its share.
WSJ: An increase in productivity may signal an end to the recession or it may be a misleading number.
WSJ: Options traders are betting on a recovery of shares in Best Buy (BBY).
WSJ: Australia’s appetite for investment from China is being tested by the Rio Tinto (RTP) case.
WSJ: Barnes & Noble (BKS) is buying a college-bookstore chain from chairman Riggio for $596 million, a move to bolster cash flow
WSJ: GM’s talks to sell Saab are on track.
WSJ: Brazil’s car industry is expanding rapidly.
WSJ: Priceline (PCLN) has a sharp increase in earnings.
WSJ: American college graduates are finding jobs in China.
WSJ: Data from China shows it is slowly climbing out of a recession.
WSJ: McDonald’s (MCD) posted another rise in sales.
FT: The New York Fed is on a hiring spree.
FT: This week will test US bond investors with $75 billion in debt sales.
FT: Bank lending in China dropped sharply in July.
Bloomberg: Exports and lending in China fell according to new data.
Bloomberg: Bank of Japan kept its key rate at .1%.
Bloomberg: The TARP oversight panel said smaller US banks may have to add to reserves.
Douglas A. McIntyre
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