Ben Bernanke says the Fed is prepared to buy more bonds. (Reuters)
NEC to cut 10,000 workers. (Reuters)
Nintendo posts poor earnings and cuts forecasts. (Reuters)
Warren Buffett says higher taxes on the rich are a way to bring the burden on Americans back inline. (Reuters)
George Soros criticizes efforts to put austerity over growth in Europe. (Reuters)
Netflix (NASDAQ: NFLX) shares rise on news its subscriber base rose sharply. (Reuters)
Tokyo Electric Power will get a $13 billion bailout. (Reuters)
George Soros buys Italian bonds because of high yields coupled with deflation. (Reuters)
U.S. officials are looking at HSBC (NYSE: HBC) for money laundering. (Reuters)
German consumer morale reaches a 10-month high. (Reuters)
Creditors may accept a lower yield on Greek bonds to end negotiations to keep the nation out of default. (Reuters)
The International Monetary Fund says a halt to Iran’s oil flow would push crude prices up 30%. (Reuters)
Nintendo will have the new Wii in markets before the end of the year. (Reuters)
Strategy Analytics says Google (NASDAQ: GOOG) Android-based tablets have narrowed the sales gap with Apple’s (NASDAQ: AAPL) iPad. (Reuters)
SAP (NYSE: SAP) says it will do more to target Oracle (NASDAQ: ORCL) customers. (Reuters)
Public pensions have increased their investment in private equity, according to the Wilshire Trust Universe Comparison Service. (WSJ)
Roche’s offer for Illumina (NASDAQ: ILMN) is based on the belief that doctors will use genetic products on a more regular basis. (WSJ)
U.S. bond yields reached near record lows. (WSJ)
The U.S. Department of Agriculture releases data that show winters have been warmer recently. (WSJ)
A new Wall Street Journal poll shows better results for Obama. (WSJ)
Merkel says labor reforms and closer ties among EU nations were key to the success of austerity programs to close national deficits. (WSJ)
A drop in output shows the UK is closer to recession. (WSJ)
U.S. auto makers have returned to U.S. labor because of foreign exchange rates and low wages. (WSJ)
Samsung’s chip business is growing even faster than its cellphone division. (WSJ)
Farmers are planting more wheat despite droughts. (WSJ)
The Fed’s message is that a recovery may be years away. (NYT)
There is an oversupply of freighters, in part because it takes so long to make them. (NYT)
Citigroup (NYSE: C) says EU banks have raised $52.8 billion in new capital since the third quarter to meet regulatory demands. (NYT)
Hedge funds are dumping Greek debt. (NYT)
Apple thinks the Chinese market could sharply increase its sales. (FT)
Iran may block oil exports ahead of sanctions. (FT)
As EU-based banks keep cash on their balance sheets, more companies may default because of lack of capital. (Bloomberg)
Geithner says he will leave office after Obama’s first term. (Bloomberg)
Airbus begins to fix cracks in wings of its A380. (Bloombeg)
Ford (NYSE: F) may post its largest profit since 1998. (Bloomberg)
Douglas A. McIntyre
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