Obama nominates Jeremy Stein and Jerome Powell to take seats at the Federal Reserve. (Reuters)

New York Times (NYSE: NYT) sells its regional media group for $143 million. (Reuters)

The U.S. Treasury declines to label China a currency manipulator. (Reuters)

Research firm ForeSee says that Gap (NYSE: GPS) and Netflix (NASDAQ: NFLX) have poor online service. (Reuters)

Data shows that consumer confidence is up while home prices fall. (Reuters)

General Electric (NYSE: GE) buys MetLife’s (NYSE: MET) online bank. (Reuters)

A plan to revive Sears Holdings (NASDAQ: SHLD) falters as holiday sales drop and the firm says it will close up to 120 stores. (WSJ)

Two KKR (NYSE: KKR) executives resign from the board of Eastman Kodak (NYSE: EK). (WSJ)

Samsung and Sharp agree to fines for price fixing — charges were brought by New York state. (WSJ)

A drop in housing prices could hurt the U.S. jobs market. (WSJ)

Two-thirds of companies that went public in the U.S. this year trade below their IPO prices. (WSJ)

A U.S. judge sets aside a previous decision that would prevent BP (NYSE: BP) from drilling in Alaska. (WSJ)

China cuts its export expectations for rare earths for next year. (WSJ)

The SEC may get a federal appeals court to consider its blocked settlement with Citigroup (NYSE: C) over fraud charges. (WSJ)

Banks put 412 billion euros with the European Central Bank over Christmas. (FT)

The Carlyle Group returns $15 billion to investors so far this year. (FT)

Oil prices rise as Iran threatens to curtail shipments. (FT)

Apple (NASDAQ: AAPL) shareholders may be hurt by a series of patent wars. (Bloomberg)

A pending deal to merge NYSE Euronext (NYSE: NYX) and Deutsche Boerse gets an extension from regulators. (Bloomberg)

Internet IPOs could hit a level in 2012 not seen since 1999. (Bloomberg)

Douglas A. McIntyre

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