24/7 Wall St.

Reuters:   CIT (CIT) is close to a $3 billion rescue by bondholders.

Reuters:   A new survey suggests that the US recession is not over.

Reuters:   The White Houses wants healthcare reform passed by Congress before the August recess.

Reuters:   Corporate cost cuts could become counter-productive.

Reuters:   By 2040 there will be 1.3 billion senior citizens on earth.

Reuters:   KKR Euronext listing is getting closer.

Reuters:   The Froman funds at Citigroup (C) are facing problems.

Reuters:   Microsoft’s (MSFT) deal talks with Yahoo! (YHOO) may be overshadowed by results.

Reuters:   Time Warner’s (TWX) AOL is asking investors to rely on an ad recovery in 2011.

WSJ:   Demand for federal short-term lending is beginning to drop.

WSJ:   Cuomo said Schwab (SCHW) is facing a fraud suit over auction rate securities.

WSJ:   A strong start has raised the bar on earnings.

WSJ:   A key Barclays (BCS) official left to set up his own firm.

WSJ:   The head of the FCC wants affordable broadband for all Americans.

WSJ:   Commercial loans are falling at a rapid pace.

WSJ:   The IRS is targeting offshore tax evaders.

WSJ:   Dealers are charging more for cars which could hurt Detroit’s recovery.

WSJ:   Drug companies are getting around healthcare co-pay systems.

WSJ:   Fedex (FDX) and UPS (UPS) are clashing over new labor legislation.

WSJ:   NEC is considering raising capital.

NYT:   Former mortgage brokers are offering refinancing, sometimes with unpleasant wrinkles.

NYT:   A new lupus treatment from Human Genome Sciences (HGSI) shows promise.

NYT:   FedEx will start advertising on video programming it has produced.

FT:   Some banks are using TARP funds to increase lending.

FT:   More of the world’s top brands are likely to come from Asia in the future.

Bloomberg:   Bernanke may hold rates down from some time while trying to suck cash out of the financial system.

Bloomberg:   Morgan Stanley (MS) will get millions of dollars on work done for AIG (AIG)

Douglas A. McIntyre