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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