AIG (NYSE: AIG) said ailing CEO Benmosche will remain through 2012. (Reuters)

The Financial Crisis Inquiry Committee has referred several cases of potential law violations from the credit crisis to authorities inside the government. (Huffington Post)

Gold and oil both fell sharply. (Reuters)

Apple (NASDAQ: AAPL) is being helped by developers of security apps as it tries to supplant the Research In Motion (NASDAQ: RIMM) BlackBerry in the corporate market place. (Reuters)

IDC reports that Microsoft (NASDAQ: MSFT) and RIM have made some progress in the tablet PC market controlled by Google (NASDAQ: GOOG) and Apple. (Reuters)

Sanofi-Aventis have begin to look for board members for Genzyme (NASDAQ: GENZ) as part of a takeover effort. (Reuters)

Private equity firms plan to cash in on IPOs but the returns will be modest. (WSJ)

Telephon Ericsson made larger profits on income from mobile broadband infrastructure. (WSJ)

American Express (NYSE: AXP) profits improved as customer losses improved. (WSJ)

Intel (NASDAQ: INTC) sharply increased the value of its buyback efforts. (WSJ)

Yahoo!’s (NASDAQ: YHOO) earnings may improve if Google’s are any example. (WSJ)

The House Majority Leader Eric Cantor said there will be not be a federal bailout of the states (WSJ)

Developing nations are being plagued by the rise in food costs. (WSJ)

Airline websites have begun to add incentives to gain customers. (WSJ)

The ITC ruled against Eastman Kodak (NYSE: EK) in its patent claims against Google and RIM. (WSJ)

McDonald’s (NYSE: MCD) may raise prices to offset the rising costs of food. (NYSE: MCD) (WSJ)

Facebook will try to increase revenue by charging game developers to use its Credit system. (WSJ)

The DJIA is just below 12,000. (WSJ)

Treasuries rose due to unrest in Russian and Fed buying. (WSJ)

The IRS announced an Apple iPhone app–IRS2Go. (WSJ)

The RAND Corporation says alternative fuels will not help reduce military costs. (NYT)

The Grocery Manufacturers Association said it will set up its own labeling system to show food health benefits called Nutrition Keys. The Food Marketing Institute helped create the system. (NYT)

The IMF said the US stimulus package has improved the outlook for the US economy this year. (FT)

The SEC inspector general will examine if a $500 million expansion by the agency is justified. (FT)

US economic activity may have been hurt by bad weather in December. (FT)

Traders have ended purchases of cocoa from the Ivory Coast due to political unrest there. (FT)

More Wall St. executives have gone to Davos as their earnings have recovered. (Bloomberg)

Global investors have begun to put more money into the US as its economy recovers. (Bloomberg)

BRIC inflation will hurt US consumer stocks. (Bloomberg)

Apple will launch a service which lets user make payments using their iPhone and iPads. (Bloomberg)

Douglas A. McIntyre

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