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CEOs from General Electric (NYSE: GE), Intel (NASDAQ: INTC), Boeing (NYSE: BA) and other companies tell Obama in their President’s Council on Jobs and Competitiveness report that he must get more foreign investment into the U.S., build infrastructure and help small businesses if he wants to create jobs. (Reuters)
The tough economy could cause a wave of new Chapter 11 filings by large companies like Eastman Kodak (NYSE: EK) and AMR (NYSE: AMR). (Reuters)
New York state’s comptroller Thomas DiNapoli says Wall St. could shed 10,000 jobs if the financial sector remains troubled. (Reuters)
Netflix (NASDAQ: NFLX) to recombine its DVD and streaming video businesses. (Reuters)
The euro gains on optimism that the region will improve its fortunes through new bailout plans. (Reuters)
Facebook releases an application for the Apple (NASDAQ: AAPL) iPad. (Reuters)
Brent crude moves above $109 on optimism about the economy. (Reuters)
Research In Motion (NASDAQ: RIMM) restores service in some nations where it has tech problems. (Reuters)
China buys shares in its troubled banks. (WSJ)
Samson Investment, an oil and gas firm, may sell itself for $10 billion. (WSJ)
Grocery stores allow customers to use smartphones to shop based on price. (WSJ)
General Mills (NYSE: GIS) tries to reduce sugar in cereal, only to find that children want it. (WSJ)
Sprint-Nextel (NYSE: S) will have to pay high rates to raise money. (WSJ)
Tata Coffee and Starbucks (NASDAQ: SBUX) to open stores in India. (WSJ)
Airlines rapidly adding WiFi to airplanes. (WSJ)
Longacre Fund Management to close many of its funds due to poor returns. (WSJ)
The Volcker rule, set to limit bank risk, will be made public soon. (NYT)
The EU delays a debt crisis meeting in which details are worked out. (NYT)
The ISS advisory group says investors should vote against 13 of the 15 members of the board of News Corp. (NYSE: NWS). (FT)
Some EU nations still want private investors to take larger write-downs on Greek debt. (Bloomberg)
Douglas A. McIntyre
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