Reuters: GMAC will get $3.5 billion in additional fund from the government.
Reuters: Oil rose near $80 on low supply and the economic recovery.
Reuters: Share in JAL dropped over 20% on bankruptcy concerns.
Reuters: Target (NYSE:TGT) was the victim of a hacker who stole credit card numbers.
Reuters: The Chicago PMI is out today.
WSJ: Now that bank stocks are rallying, the FDIC wants equity in firms that got assets from failed banks.
WSJ: Home prices moved up, but the outlook is cloudy.
WSJ: States and cities are still spending money and tax credits to get new businesses to move to their areas.
WSJ: Shell is increasing it biofuels spending.
WSJ: The ITC will rule on US complaints that China is dumping steel.
WSJ: Nokia (NYSE:NOK) filed IP charges against Apple (NASDAQ:AAPL) with the ITC.
WSJ: State and local taxes dropped 7% in the third quarter.
WSJ: J&J (NYSE:JNJ) widened its recall of Tylenol products.
WSJ: Microsoft’s (NASDAQ:MSFT) role in the mobile market is quickly disappearing.
WSJ: A medical journal questioned how the FDA approved certain heart devices.
WSJ: “Smartbooks”, a new type of small laptop, will start to compete with smartphones.
WSJ: WiMax firms are widening their focus to build chips for the emerging Long Term Evolution standard which will compete with WiMax-based carriers.
WSJ: Consensus earnings estimates for 2010 are high, a challenge to the rise of US stock markets.
NYT: Many homeowners find that banks have little incentive to renegotiate mortgages.
NYT: Employee fraud using gift cards is increasing.
NYT: Market in Brazil, Russia, China, and India are racing ahead of most expectations.
NYT: Music downloads funded by advertising are taking on new life.
NYT: Japan introduced a long-term plan to help its economy.
FT: Russia will curb inflows of speculative cash.
FT: Broadcom (NASDAQ:BRCM) settled stock back-dating claims for $160 million.
FT: Rising indebtedness is hurting America’s image as a financial leader.
FT: Emerging market funds are growing rapidly.
Bloomberg: Morgan Stanley (NYSE:MS) says an M&A rebound may be years away.
Bloomberg: The worst US investment funds for the last decade never recovered from the technology stock free fall.
Bloomberg: Treasuries are set for their worst year since 1978 on high funding needs and an early economic recovery.
Douglas A. McIntyre