The Federal Reserve took a risky step that will involve the purchase of $600 billion in securities. (Reuters)

Nations in Asia and Latin America said they would alter policy to combat dollar inflows based on the Fed’s action to ease. (Reuters)

GM’s IPO will cut the government’s share to 43%. (Reuters)

Canadian authorities blocked a BHP Billiton (NYSE: BHP) acquisition of Potash (NYSE: POT).  (Reuters)

Oil hit a 6-month high as the dollar weakened in an anticipation of Fed actions. (Reuters)

In an attempt to increase mobile activity, Facebook as set up a system called “Deals” which will allow retailers to make offers of discounts to the social network’s users. (Reuters)

SAP (NYSE: SAP) has agreed to pay Oracle (NASDAQ: ORCL) $120 million to get a pledge that the US company will not seek punitive damages in a trial over the alleged SAP theft of Oracle IP. (Reuters)

Samsung sales sales of its Galaxy tablet PC will top one million this year. (Reuters)

Walmart (NYSE: WMT) may buy a stake in Indonesia’s Matahari. (Reuters)

Alcatel-Lucent (NYSE: ALU) finally turned a profit. (WSJ)

Companies that sell food would like in increase prices,but those efforts may be stymied by the recession. (WSJ)

The SEC will bar “naked access” which allows traders the ability to directly trade on exchanges of electronic platforms. (WSJ)

Johnson Associates says Wall St. bonuses will rise 5% this year. (WSJ)

Cellular carriers now confuse the market with competing claims about 4G products and services. (WSJ)

Internal Chinese politics may set the future of the yuan. (WSJ)

Delta (NYSE: DAL) flight attendants rejected union status. (WSJ)

Samsung will sell its Galaxy tablet in South Korea through a partnership with SK Telecom. (WSJ)

Executives expect more friendly relationships with the new Congress.  (WSJ)

The World Bank expects rapid GDP expansion in China. (WSJ)

Jobless claims rose in Spain. (WSJ)

GM’s third quarter profit rose to $2 billion. (WSJ)

MGM filed for bankruptcy. (WSJ)

The UK says Google (NASDAQ: GOOG) broke privacy laws.

Future corporate financial results may be hurt by the rise in the costs of goods (WSJ)

An improvement in advertising pushed News Corp (NYSE: NWS) profits higher. (WSJ)

Banks have improved the volume of loans to small businesses but only those with the most healthy balance sheets (WSJ)

Ebay (NASDAQ: EBAY) said it would fix a security flaw in the PayPal application for the Apple (NASDAQ: AAPL) iPhone. (WSJ)

Starbucks (NASDAQ: SBUX) may need to open stores overseas to maintain growth. (WSJ)

BlackRock (NYSE: BLK) said Bank of America (NYSE: BAC) and PNC will sell large pieces of its stock (WSJ)

The DJIA hit a two-year high. (WSJ)

The cost to insure Irish debt reached an all-time high. (WSJ)

Sugar prices hit a 30 year high. (WSJ)

Bush era tax cuts could be extended which worries nations overseas as they fear the US deficit will grow. (NYT)

Freddie Mac said says foreclosures are up. (FT)

The IEA says oil could spike if nations do not keep pledges on climate change. (FT)

The Goldman Sachs Group (NYSE: GS) bonus pool will shrink as some traders had bad years. (FT)

Douglas A. McIntyre

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