Reuters:   The US will suspend Arctic drilling.

Reuters:   Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars.

Reuters:   The Fed’s Bullard said that promises of low rates for long periods have risks.

Reuters:   Facebook improved its privacy controls.

Reuters:   Apple Inc. (NASDAQ: AAPL) overtook Microsoft Corporation (NASDAQ: MSFT) as the largest tech company by market cap.Reuters:   Penguin and Amazon.com (NASDAQ: AMZN) settled disagreements over book prices.

Reuters:   Some Prudential plc investors will resist the AIA deal.

Reuters:   Two people were charged with insider trading of shares in Walt Disney (NYSE: DIS).

WSJ:   Bank of America (NYSE: BAC) and Citigroup Inc. (NYSE: C) used “repos” to hide debt.

WSJ:   The Financial Accounting Standards Board may set new bank rules that would force them to raise book value.

WSJ:   The derivatives rule may be dropped from the financial reform package.

WSJ:   Warren Buffett of Berkshire Hathaway (NYSE: BRK.B) will testify before a panel looking at ratings practices at Moody’s (NYSE: MCO).

WSJ:   Avis Budget (NYSE: CAR) and Hertz (NYSE: HTZ) have fought over a buyout of Dollar.

WSJ:   Companies are facing shortages of machine tools.

WSJ:   Johnson & Johnson Inc (NYSE: JNJ) has a pattern of poor quality in making children’s drugs.

WSJ:   Jobless claims may be a critical part of the US economy getting better.

WSJ:   An analyst said that use of circuit breakers will not prevent drops in stock prices.

NYT:   The US sold 20% of its Citigroup shares.

FT:   Obama warned of “risky” fossil fuels.

FT:   Kraft (NYSE: KFT) was censured by UK officials over its Cadbury deal.

Bloomberg:   GM will cover additional costs for reorganizing Opel.

Douglas A. McIntyre

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