Reuters: GM will accept product liability on cars it has built in the past.
Reuters: Obama could consider a second stimulus if necessary.
Reuters: Rising office availability in NYC is slowing.
Reuters: VW says it has not issued an ultimatum to Porsche on a tie-up.
Reuters: Tata launched Jaguar and Rover in India.
Reuters: Microsoft (MSFT) will sell its Razorfish unit.
Reuters: Novartis (NVS) is in talks to buy most of Elan.
Reuters: Anglo American is in talks about a transaction with Chinese interests.
WSJ: The administration is still having trouble solving the problem of huge amounts of bad debt on bank books.
WSJ: Boeing’s (BA) 787 delay may give buyers a chance to get concessions.
WSJ: GM has asked that the Saturn brand not be subordinate to buyer Penske’s name for now.
WSJ: Junk bond yields may go higher in the face of higher borrowing and rising defaults.
WSJ: Towers Perrin and Watson Wyatt will merge to create the world’s largest employee-benefits consultancy.
WSJ: Valero (VLO) has started powering some refineries with wind.
WSJ: The DOJ has extended its examination of the Oracle deal to buys Sun (ORCL)(JAVA).
WSJ: PNC (PNC) is waiting to repay TARP funds.
WSJ: Businesses complained to China’s premier to scale back new content blocking software for PCs.
WSJ: Some states are considering levies on oil and gas production.
WSJ: The current market rise will need to be supported by earnings.
WSJ: UBS (UBS) is still struggling to get profitable.
WSJ: Banks may try to spread losses on commercial real estate over time.
WSJ: Exxon (XOM) and AMR (AMR) are struggling with people creating fake Twitter accounts in their names.
FT: Madoff could get as much as a 150-year sentence.
FT: Equity and debt issued by banks is offsetting losses on toxic assets.
FT: The TV industry is faced with a $2 billion revenue shortfall as audiences watch video online.
Bloomberg: The dollar may rise by the most since 1981 between now and the end of 2009.
Bloomberg: Vodafone (VOD) may bid for the Deutsche Telekom (DT) T-Mobile assets in the UK.
Douglas A. McIntyre