Reuters:   The costs of the US bailout of the financial industry was $89 billion.

Reuters:   Goldman Sachs (GS) and AIG (AIG) are unwinding their CDS positions.

Reuters:   The euro surged on news of Greek debt guarantees.

Reuters:   NY state said it sees a large number of US tax cases from UBS clients.

Reuters:   Google (GOOG) said it is not surprised other tech companies did not support its China policy.

Reuters:   Tech earnings may be strong but short of forecasts.

WSJ:   Europe put together a 30 billion rescue package for Greece.

WSJ:   Power generators Mirant and RRI Energy plan to merge.

WSJ:   UBS (UBS) says it expects earnings for Q1 to be $2.35 billion.

WSJ:   China said its trade deficit supports its position on the yuan.

WSJ:   Apple (AAPL) continued to attack Adobe (ADBE) Flash as a multimedia solution.

WSJ:   Large earners may bear the tax burden of efforts to cut the deficit, according to a new study.

WSJ:   Verizon (VZ) faces union opposition to its plan to sell part of its landline unit.

WSJ:   Banks are under pressure to write down second mortgages on which they believe they can collect.

WSJ:   Shipping company IPOs may do poorly.

WSJ:   Commercial real estate losses could hurt the recovery in bank stocks.

WSJ:   Household goods companies like P&G (PG) and Colgate (CL) are ramping ad spending as the economy recovers

NYT:   Toyota promised to fix floor mat problems but delayed, raising questions about government oversight.

NYT:   The committee that determines the  official end of a recession is reluctant to do so.

NYT:   Regulators who oversaw Washington Mutual may have been late to say the bank was in trouble.

NYT:   News sites that once welcomed anonymous comments are rethinking the practice.

NYT:   Developers that build applications for Twitter are worried the company may compete with them

NYT:   TweetUp will organize posts on Twitter by their popularity.

NYT:   Tax audits of big businesses are dropping according to new research.

NYT:   Leno’s audience is 50% higher than Conan O’Brien’s was but the median age of viewers is 56.

NYT:   Apple’s (AAPL) iPad is causing tech companies like HP (HPQ), Nokia (NOK), and Microsoft (MSFT) to expand beyond their core businesses.

NYT:    About half of print and broadcast news editors believe their companies will fold if they cannot find success on the internet.

NYT:   Corporate Responsibility Magazine will publish a list of the least transparent companies.

NYT:   The head of the International Air Transport Association says more airline mergers are necessary.

NYT:   GM sales may top 2 million this year and could top 3 million by 2015.

NYT:   The AP Economy Survey shows that the recovery may be sluggish into 2011.

NYT:   The head of Google said newspapers can make money on the internet.

FT:   Most US  banks will produce higher profits.

FT:   China state companies are borrowing for projects that the government may object to.

FT:   Facebook faces more scrutiny over its privacy policies.

Bloomberg: Home equity loan losses could hit $30 billion.

Douglas A. McIntyre

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