Credit Suisse (NYSE: CS) cut 2,000 jobs as the bank’s results faltered (Reuters)
Investors tried to move to safe investments as a default became more likely (Reuters)
A new Boehner plan will reduce the deficit by nearly $1 trillion according to the CBO (Reuters)
Nintendo kept its sales target but cut the price of its 3DS (Reuters)
Sony (NYSE: SNE) posted modest results but supported full years forecasts (Reuters)
Dunkin’ Donuts rallied after its IPO (Reuters)
Several states supported the AT&T (NYSE: T) buyout of T-Mobile (Reuters)
Half of the country’s healthcare spending will come from the federal government by 2020 according to trade journal Health Affairs (WSJ)
Repo borrowers could be badly hurt by a default (WSJ)
Groupon’s accounting practice drew scrutiny ahead of its IPO (WSJ)
Network systems company Juniper (NASDAQ: JNPR) posted poor earnings in a sign broadband systems investment may have slowed (WSJ)
A study published in the Journal of the National Cancer Institute said there is no link between cellphones and cancer (WSJ)
The IMF warned on French bank borrowing (WSJ)
ArcelorMittal said steel demand was still strong (WSJ)
A judge’s decision may hurt the Comcast (NASDAQ: CMCSA) takeover of NBC Universal (WSJ)
BSkyB will probably buy back shares (WSJ)
Fannie Mae and Freddie Mac sued UBS over mortgage values (WSJ)
The cost to insure Treasuries hit an all-time high (WSJ)
Ford (NYSE: F) will increase production in India (NYT)
The Treasury must decide what bills to pay (NYT)
GM (NYSE: GM) will not sell Opel (NYT)
Investors voiced concern that the Fed has not done more to prevent a U.S. default (FT)
Emerging market financial ministers said they are concerned about the uncertainty of the Greek bailout and the IMF’s role (FT)
Nintendo cut its profit forecast by 82% (Bloomberg)
Douglas A. McIntyre
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