Reuters: First Solar (FSLR) plans a huge solar field in China.
Reuters: Kraft (KFT) plans to cut its supplier base to save costs.
Reuters: Cuomo may charge Bank of America (BAC) over the Merrill deal.
Reuters: July consumer credit fell a record $21.6 billion.
Reuters: The Ohio attorney general said more mortgage companies would be sued.
Reuters: China’s Geely auto firm is considering a bid for Ford’s (F) Volvo.
Reuters: Barrick Gold will raised $3 billion to pay back hedges.
Reuters: AIG (AIG) is interviewing bankers to handle the IPO of American Life Insurance.
WSJ: China’s $300 billion sovereign-wealth fund may invest in US real estate. It may invest though a government bailout program.
WSJ: The dollar hit a low for 2009.
WSJ: Palm (PALM) launched a smaller smartphone called Pixi.
WSJ: Hedge fund investors are paying special attention to exit terms.
WSJ: The board at GM is still considering options for Opel.
WSJ: Top level German bankers defended big bonuses as necessary to keep talent.
WSJ: A Chicago investor offered $5 million for the Sun-Times which is under bankruptcy protection.
WSJ: Hutchison Whampoa plans to raise $3 billion.
WSJ: Gold hit $1,000 an ounce.
WSJ: The Fed’s latest analysis may show that with liquidity dropping inflation is not moving up.
WSJ: “Fifteen dealer banks told the New York Fed they plan to centrally clear more than 90% of their interest-rate and credit-derivatives trades by year-end.”
WSJ: Unilever says the opportunities in China are so great the profitability should not be the first measure of success.
NYT: Interest-only loans will probably start to default at record levels and hurt the real estate recovery.
NYT: A federal judge must sort out claims over Google’s (GOOG) attempt to create a huge online library.
FT: US citizens are rushing to get advice about off-shore investments to cut taxes.
FT: JP Morgan (JPM) says a regulatory crack down on banks could cut profits by one-third.
FT: Bank of America (BAC) considered a “material adverse change” clause in the Merrill deal before it was approved.
Bloomberg: Evidence is growing that China’s GDP could grow 9.5% next year.
Bloomberg: Petrobras as that the Guara field in the Santos Basin off Brazil could double Brazil’s oil reserves.
Douglas A. McIntyre
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