An Institute for Policy Studies report says many CEOs at the 100 largest U.S. companies made more than their companies paid in taxes. (Reuters)
Bank of America (NYSE: BAC) knew of a suit by AIG (NYSE: AIG) since early this year, but did not disclose it. (Reuters)
Exxon Mobil (NYSE: XOM) and Russia’s Rosneft set a deal to seek oil and natural gas in the Arctic Circle area controlled by Russia. (Reuters)
A member of Congress says Irene relief must be offset by budget cuts. (Reuters)
Brent trades at $114 on hope of a U.S. stimulus package. (Reuters)
AT&T (NYSE: T) promises to add 5,000 jobs if its buyout of T-Mobile is approved. (Reuters)
Sony (NYSE: SNE), Toshiba and Hitachi (NYSE: HIT) to merge their small display units. (Reuters)
Hewlett-Packard (NYSE: HPQ) to resume making TouchPad tablets. (Reuters)
Bank of America to get out of the mortgage correspondent business. (WSJ)
The SEC to review certain Oracle (NASDAQ: ORCL) deals done overseas. (WSJ)
Traders in oil and other commodities may have to reveal details of their trades. (WSJ)
Fitch posts a warning about China’s banking system. (WSJ)
The National Labor Relations Board sides with unions in several recent cases, which draws criticism from some in Congress. (WSJ)
A demand by Finland for collateral before a bailout of Greece may still derail plans. (WSJ)
Nook sales help Barnes & Noble (NYSE: BKS) earnings. (WSJ)
Carl Icahn to sell his shares in Lions Gate Entertainment (NYSE: LGF). (WSJ)
A new version of Boeing’s (NYSE: BA) 737 to be launched in 2017; the company says it has 496 commitments to purchase them. (WSJ)
EU banks raise $17.4 billion with an instrument similar to mortgage-backed securities. (WSJ)
The International Accounting Standards Board says some EU banks have not written down Greek loans enough. (WSJ)
Home builders may run out of capital as the housing market enters a fifth year of falling prices. (WSJ)
Ford (NYSE: F) to supply Zipcar autos for use on college campuses. (NYT)
US Bancorp (NYSE: USB) sues to block an $8.5 billion mortgage settlement from Bank of America. (FT)
Sony to release a line of tablet PCs to challenge Apple (NASDAQ: AAPL). (Bloomberg)
Douglas A. McIntyre
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