Reuters:   The Chinese premier said he would not succumb to pressure from the US on the value of the yuan.

Reuters:   An SEC watchdog said the timing of the charges against Goldman Sachs Group (NYSE: GS) was “suspicious.”

Reuters:   Dell Inc. (NASDAQ: DELL) released it table PC.

Reuters:   Facebook has begun work on two smartphones.

Reuters:   A Harris Interactive survey showed rapid adoption of e-readers.

Reuters:   A sale of Petrobras shares was oversubscribed.

Reuters:   Potash (NYSE: POT) sued BHP Billiton (NYSE: BHP) on its takeover offer.

WSJ:   Banks face legal pressure to make up for losses in pools of low-end mortgages.

WSJ:   Walmart (NYSE: WMT) is fighting a sabotage campaign by grocery stores.

WSJ:   Abbott Labs (NYSE: ABT) recalled 5 million containers of Similac

WSJ:   Novartis received approval for its MS drug.

WSJ:   GM will need a very high valuation for its IPO to pay back the Treasury.

WSJ:   The pace of the Obama mortgage modification slowed again.

WSJ:   The chance that the Fed could buy Treasuries pushed gold up and the dollar down.

WSJ:   State and local debts will not be resolved to the satisfaction of pension holders and debtholders.

WSJ:   Japan may lower its corporate tax rate.

WSJ:   The New York Times Company (NYSE: NYT) warned on earnings due to ad trouble.

WSJ:   Starbucks (NASDAQ: SBUX) will raise the price of some coffee drinks.

WSJ:   Nielsen may increase its role in measuring online ads.

WSJ:   An increase in cotton prices could hurt apparel earnings.

WSJ:   Microsoft (NASDAQ: MSFT) is paying record low yields on its new bonds.

NYT:   There is an industry that buys Apple Inc. (NASDAQ: AAPL) iPhones in NYC and unlocks them to be sent to China.

NYT:   China stopped the exports of certain rare earth elements to Japan.

NYT:   Insurers are working to comply with new health care rules.

NYT:   The Facebook currency called Credits is gaining traction on the social network.

NYT:   Bill Gates and Warren Buffett stayed at the top of the Forbes 400.

FT:   The government will cut its estimate for the costs of TARP.

FT:   The US Congress may attack the valuation of the yuan.

FT:   Siemens promised some German workers jobs for life.

FT:   Blockbuster settled with creditors.

Bloomberg:   World central banks are having trouble moving away from crisis mode.

Douglas A. McIntyre

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