The board of Olympus may resign by late February. (Reuters)

China says its annual rate of growth slowed between October and November. (Reuters)

Congress pressures the CFTC for stronger regulation after the MF Global incident. (Reuters)

Verizon (NYSE: VZ) will launch a content service to compete with Netflix (NASDAQ: NFLX). (Reuters)

Trouble in the solar industry causes consolidation and brings more Chinese companies into the market. (Reuters)

Verizon says it will not block the use of Google Wallet. (Reuters)

Carl Icahn to make a hostile bid for Commercial Metals (NYSE: CMC) for $1.73 billion. (Reuters)

Treasury Secretary Geithner will press EU finance ministers to stop the crisis in the region. (WSJ)

The chairman of the House Financial Services Committee to hold a vote on insider trading by members of Congress. (WSJ)

Yahoo! (NASDAQ: YHOO) wants better terms from bidders for a minority stake. (WSJ)

Private-equity firm Sycamore Partners makes an offer for Talbots (NYSE: TLB). (WSJ)

The EU is considering antitrust charges against e-book publishers. (WSJ)

Microsoft (NASDAQ: MSFT) will offer a product that competes with Apple (NASDAQ: AAPL) apps. (WSJ)

Spain may invest billions of dollars to clean up its banking system. (WSJ)

General Electric’s (NYSE: GE) financial arm may take retail deposits. (WSJ)

Bank of America’s (NYSE: BAC) Merrill Lynch & Co. agrees to pay $315 million to end a mortgage-securities lawsuit. (WSJ)

Free shipping could cost retailers more than the revenue they receive is worth. (WSJ)

JCPenney (NYSE: JCP) may buy a piece of Martha Stewart Omnimedia (NYSE: MSO). (NYT)

Citigroup (NYSE: C) to fire 4,500 people. (NYT)

Amazon.com (NASDAQ: AMZN) begins push into children’s books. (NYT)

India kills a retail reform proposal that would have let companies like Walmart (NYSE: WMT) own retail operations in the country. (FT)

Bank of America is less confident about the size of its dividend than most other large U.S. banks. (FT)

Large buyouts set in the 2006 to 2008 period face poor returns, according to Moody’s. (FT)

Geithner supports a plan by Germany and France to increase regulation of nations with large deficits. (Bloomberg)

BP (NYSE: BP) and Shell (NYSE: RDS-A) to restart oil operations in Libya. (Bloomberg)

Douglas A. McIntyre

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