NYSE (NYSE: NYX) wants a large fee from Nasdaq (NASDAQ: NDAQ) in the event that a merger is not be hampered by antitrust investigators. (Reuters)

Synthes said it was in buyout talks with Johnson & Johnson ((NYSE: JNJ) (Reuters)

Geithner said Congress would raise the national debt limit.  (Reuters)

Research In Motion (NASDAQ: RIMM) may bid for a number of Nortel patents. Google (NASDAQ: GOOG) has already made a bid. (Reuters)

Underwriters say Glencore is worth nearly $70 billion. (Reuters)

Samsung may sell its hard disk drive division. (Reuters)

France Telecom and Deutsche Telekom have formed a joint venture to cut costs. (Reuters)

Hedge fund assets are near $2 trillion and may surpass their 2008 peak. (WSJ)

Small cap share valuations are now well above those of large caps. (WSJ)

Emerging nations rejected G-20 recommendations on how they should manage cash which flows into their economies. (WSJ)

Toyota’s (NYSE: TM) Lexus will probably lose its position at the top of US luxury car rankings. (WSJ)

The head of China’s sovereign wealth fund expressed concerns about EU debt and the US property value disaster (WSJ)

Retailers, construction and consumer facing companies are raising prices to offset costs of goods. (WSJ)

China increased that deposit ratios of its bank. (WSJ)

The United Arab Emirates put limits on RIM email operations. (WSJ)

Inflation in China threatens its position as the low cost producer of finished good which could hurt business recovery in other nations. (NYT)

Lloyd Blankfein may leave the CEO job at Goldman Sachs (NYSE: GS). (NYT)

Retail firms are changing their websites to make the more compatible with handheld devices. (NYT)

The FDIC may do more to put a wall between the risky operations of banks and other operations. (FT)

The Federal Reserve will probably stop monetary easing and kill QE2. (FT)

More companies are replacing CFOs which concerns Wall St. (FT)

JP Morgan (NYSE: JPM) has begin aggressive expansion in Brazil. (FT)

European car companies have seen sales growth for diesel products in the US markets. (FT)

The euro fell on concerns about the EU debt crisis. (Bloomberg)

Philips will drop out of its TV manufacturing business due to competition from China. (Bloomberg)

A Finland political party against euro bailouts will become part of governing coalition. (Bloomberg)

BMW and Mercedes have experienced sales growth in China. (Bloomberg)

Gold hit a record price on concerns about inflation. (Bloomberg)

The rate of increase in new home prices in China slowed as banks restricted lending. (Bloomberg)

Greece denied rumors that it will restructure debt. (Bloomberg)

Douglas A. McIntyre

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