A Washington Post/ABC poll showed Obama’s ratings on the economy hit a low. (Reuters)
Steve Jobs of Apple (NASDAQ: AAPL) introduced the company’s new iCloud product. (Reuters)
Wall St. stocks hit a 2 1/2 year low on bad economic news. (Reuters)
Gold moved to a one-month high on economic worries. (Reuters)
Hackers say they have compromised the Sony (NASDAQ: SNE) network again. (Reuters)
Chinese companies are aggressively buying European business assets. (WSJ)
CoreLogic reports that 40% of people with second mortgages are underwater on their home loans. (WSJ)
German companies have begun to buy assets in Greece. (WSJ)
Regulatory tie-ups have hurt progress of the implementation of many aspects of Dodd-Frank. (WSJ)
PIMCO lost a great deal of money on Lehman Bros assets. (WSJ)
BP (NYSE: BP) may sell its assets in the TNK-BP joint venture to improve its chances of drilling in the Russian owned parts of the Arctic. (WSJ)
Temple-Inland rejected a bid by International Paper. (WSJ)
Geithner has pushed for global regulation of derivatives. (WSJ)
Microsoft (NASDAQ: MSFT) launched a new line of video games for Kinect. (WSJ)
Jackson County Alabama, struggling with its budget, may cut 33% of its work force. (WSJ)
The new premier of Portugal plans to increase austerity programs to close a round of debt from the EU and IMF. (WSJ)
RSA Security will replace 40 million security codes after a breach of the Lockheed Martin (NYSE: LMT) data system. (WSJ)
Shares of Tokyo Electric Power fell 28% on news it would loss $7.1 billion this year before costs to compensate victims of its reactor leak. (WSJ)
Walt Disney (NYSE: DIS) is expected to reduce its studio workforce .(WSJ)
The International Energy Agency said demand for natural gas may soar as nuclear power plants close and the price of LNG drops. (WSJ)
Microsoft (NASDAQ: MSFT) and other tech firms supported the AT&T (NYSE: T) buyout of T-Mobile as a was to address network capacity problems. (NYT)
Ford Motor (NYSE: F) is expected to announce it will move aggressively into Asia. (NYT)
Oil sands producers in Canada may seek alternative markets if a pipeline to the US is canceled. (NYT)
Greece will sell 10% of its telecom company to ease national debt. (NYT)
NBC Universal will spend $1 billion to buy out the Blackstone (NYSE: BX) ownership of a Orlando theme park. (FT)
Saudi Arabia has pressed oil production above 9 million barrels a day for the first time since 2008. (FT)
The SEC wants to know how much cash Microsoft operations hold overseas. (FT)
Apple will use iCloud to undermine the PC industry. (Bloomberg)
Facebook has become a way to serve legal papers online. (Bloomberg)
Low Treasury yields do not mean the US will escape a debt crisis. (Bloomberg)
Douglas A. McIntyre
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