Olympus sues its CEO and former board members for $50 million in compensation, and shares rise. (Reuters)

China’s trade growth hits a two-year low in December. (Reuters)

Philips warns of Q4 weakness because of trouble in Europe. (Reuters)

The SEC wants banks to disclose more about eurozone debt on their balance sheets. (Reuters)

Microsoft’s (NASDAQ: MSFT) Xbox sales are strong during the holidays. (Reuters)

Raymond James (NYSE: RJF) may buy Morgan Keegan. (Reuters)

Brocade (NASDAQ: BRCD) receives buyout bids. (Reuters)

The number of corporations with tax-free status rises. (WSJ)

Germany’s debt yield turns negative. (WSJ)

Bank of America (NYSE: BAC) will sharply cut its staff in Asia this quarter. (WSJ)

Sony (NYSE: SNE) will launch a “Crystal LED” TV that has better picture quality. (WSJ)

Intel (NASDAQ: INTC) offers details of its ultrabook plans. (WSJ)

The Fed says consumer borrowing rose in November, perhaps a sign that Americans are willing to take on debt again. (WSJ)

The Centers for Medicare and Medicaid Services say health care spending rose only 3.9% in 2010. (WSJ)

The White House sets up a formal group to monitor China’s trade policies. (WSJ)

Germany and France say that if Greece cannot set terms with private owners of its debt, it will not receive aid. (WSJ)

Hostess Brands to file for Chapter 11. (WSJ)

BMW and Audi will increase the number of models they sell in the U.S. (WSJ)

Volkswagen cancels its buyout of Porsche. (WSJ)

Nordstrom (NYSE: JWN) lowers the price at which people get purchase rewards. (WSJ)

Apple’s (NASDAQ: AAPL) CEO makes $378 million in 2010. (WSJ)

Nokia (NYSE: NOK) will count on the U.S. market for a large part of its potential resurrection. (WSJ)

The number of alternative fuel cars on display at the Detroit Auto Show rises sharply. (NYT)

Unicredit has trouble raising money even at high yields; other European banks may face similar problems. (NYT)

The U.S. increases the tempo of its investigations into MF Global. (NYT)

China’s exports grow, but import data is tepid. (NYT)

More smart TVs will be operated by voice recognition. (FT)

Renault and Nissan to boost U.S. production and make cuts in Europe. (FT)

Deutsche Telekom and Groupon (NASDAQ: GRPN) to set a joint venture for mobile platforms. (FT Germany)

Some Wall St. companies may freeze pay. (Bloomberg)

A slowing of China’s imports underscores concerns about a global slowdown. (Bloomberg)

Douglas A. McIntyre

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