BHP Billiton (NYSE: BHP) abandoned its bid for Potah (NYSE: POT) and said it would begin a $4.2 billion buyback. (Reuters)

SAIC has agreed to take a stake in the GM IPO. (Reuters)

China said it would push reforms to help settle issues of global financial imbalances. (Reuters)

Concerns that bond investors will have to share in the defaults of EU members like Ireland may start another euro crisis. (Reuters)

AMP and AXA have made a $13.1 billion bid for AXA Pacific. (Reuters)

China rate hike issues to oil prices to $85. (Reuters)

SAP says its c0-CEO will testify in the Oracle (NASDAQ ORCL) suit against it .(Reuters)

Facebook will change its messaging service to include e-mail. (Reuters)

Republicans made significant attacks on the Federal Reserve’s QE2 program. (WSJ)

Ireland is resisting pressure from the EU to take a bailout (WSJ)

The head of Liberty Media was the highest paid public company CEO last year. (WSJ)

A Goldman Sachs Group (NYSE: GS) plan to repay Berkshire Hathaway (NYSE: BRK.B) $5 billion was delayed by government plans to change the amount the banks can offer in dividends. (WSJ)

More investors have begun to buy high dividend stocks. (WSJ)

Toyota Motor (NYSE: TM) and Honda (NYSE: HMC) may have drops in US market share this year. (WSJ)

Obama will not support permanent tax cuts for the well-to-do. (WSJ)

Walmart (NYSE: WMT) has started a process which may eventually lead to the purchase of stores in Japan. (WSJ)

China says rare earth mining pollution may hurt exports of the metals. (WSJ)

Car companies have hired Twitter experts to help sell cars. (WSJ)

China’s creation of the fastest supercomputer has caused US tech leaders to push to catch up. (WSJ)

A WSJ poll of economists showed few believe that the Federal Reserve will have another round of bond purchases. (WSJ)

Democrats will try to pass a $1 trillion budget before the end of the year. (WSJ)

Thirty college presidents earned over $1 million in 2008. (WSJ)

The Portuguese government said its budget plans could force it out of the eurozone. (WSJ)

The Italian prime minister may lose the support of voters. (WSJ)

ArcelorMittal may buy Massey Energy. (WSJ)

A new study shows a Johnson & Johnson (NYSE: JNJ) drug ineffective for relief of heart disease (WSJ)

Employers who hired over-qualified workers during the recession may lose them as the market recovers. (WSJ)

Regulators have increased the pace of their review of the Comcast (NASDAQ: CMCSA) effort to takeover control of NBC Universal from GE. (NYSE: GE) (WSJ)

Retail sales are unlikely to improve much this year. (WSJ)

GM retirees are faced with the prospect of purchasing the company’s stock. (NYT)

Book publishers expect a surge in e-reader sales this holiday season. (NYT)

More A380 planes may have to replace their engines. (NYT)

Japan’s economy grew better than expected. (NYT)

Record US ethanol exports have raised tax issues. (FT)

Apple (NASDAQ: AAPL) will brings its iPhone ad service to Europe. (FT)

Germany has pushed Ireland to take a bailout. (Bloomberg)

Facebook’s estimated value is not greater than Ebay’s (NASDAQ: EBAY) market cap. (Bloomberg)

Douglas A. McIntyre

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