Yahoo! (NASDAQ: YHOO) CEO Carol Bartz fired over the phone. (Reuters)

Obama may propose a $300 billion employment package with tax cuts and new expenditures to train workers. (Reuters)

Pressure increases on Italy to show austerity measures in its budget. (Reuters)

Bank of America (NYSE: BAC) restructures and fires two top executives. (Reuters)

Lockheed Martin (NYSE: LMT) says the F-35 is vital to U.S. defense. (Reuters)

Groupon delays its IPO as government may probe disclosure of sensitive matters. (Reuters)

AT&T (NYSE: T) could lower its bid for T-Mobile if the government forces it to sell assets. (Reuters)

New York prosecutors increase scrutiny of Goldman Sachs (NYSE: GS). (Reuters)

Research In Motion (NASDAQ: RIMM) shareholders press for a major management change. (Reuters)

S&P met with large bond holders before its downgrade of U.S. debt. (WSJ)

Strategic Business Insights’ MacroMonitor says many Americans can no longer afford to retire. (WSJ)

Saab files for bankruptcy. (WSJ)

The Bank of Japan to keep rates near zero. (WSJ)

Switzerland puts limits on how high the franc could rise compared to the euro. (WSJ)

The U.S. manufacturing sector improved last month. (WSJ)

Congress likely to approve a significant change of patent laws. (WSJ)

Sunoco (NYSE: SUN) to leave the refinery business. (WSJ)

The use of Avastin in patients covered by medical insurance could have saved the U.S. billions. (WSJ)

International Paper (NYSE: IP) buys Temple Inland for $3.48 billion. (WSJ)

The SEC to examine whether ETFs increase market volatility. (WSJ)

Foreign-exchange trading volumes are near record levels. (WSJ)

Worries about whether some banks will make it through the EU debt crisis have made it harder for them to raise money. (NYT)

The White House to float a plan to help the USPS. (NYT)

Carlyle files a $100 million IPO. (FT)

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.