Reuters: A college education no longer means easy employment in China.
Reuters: Fannie Mae (FNM) lost $14.8 billion.
Reuters: The auto “clunkers” legislation passed the Senate.
Reuters: Obama is in no rush to decide Bernanke’s appointment to a new term.
Reuters: Private equity asked if it could relax FDIC rules.
Reuters: Blackstone’s (BX) bankruptcy advisory business is growing quickly.
Reuters: Hackers took down the Twitter site and slowed access to Facebook.
Reuters: RBS (RBS) posted a first half loss and predicted two more hard years.
Reuters: AIG (AIG) named the former head of American Express (AXP) as its chairman.
Reuters: Citigroup (C) may give control to its Phibro group to the executive that it owes $100 million.
Reuters: GM expects unit sales of 1.4 million in China this year.
WSJ: The Credit Suisse (CS) plan to pay bankers with its own toxic assets is giving the employees good returns.
WSJ: Private equity is slowly rebounding after two years.
WSJ: The BOE is expanding its bond-buying plan.
WSJ: Unilever’s plan to lower product prices helped improve earnings.
WSJ: The loss at Sirius XM (SIRI) grew as subscribers fell.
WSJ: Congress plans to spend $550 million on eight jets.
WSJ: July hedge fund returns were strong.
WSJ: A judge will force the SEC and Bank of America (BAC) to disclose details of a $33 million settlement.
WSJ: Wells Fargo (WFC) is raising compensation for a number of workers.
WSJ: Nasdaq and BATS will end “flash” orders.
WSJ: Shares in Fannie Mae (FNM) and Freddie Mac (FRE) have done well but the mortgage market has not.
WSJ: Buick will build bybrids to broaden its appeal.
WSJ: Retailers expect poor back to school shopping.
WSJ: CBS (CBS) provided better guidance.
WSJ: China e-commerce site Alibaba will begin a push into the US.
WSJ: Nvidia (NDVA) posted better-than-expected results.
NYT: Credit checks are hurting the efforts of many to get new jobs.
NYT: States are worried that the healthcare overhaul will hurt their finances.
NYT: China may have to reign in bank lending.
NYT: Ford (F) will replace or revamp a very large portion of its model line over the next three years.
NYT: The FTC is working to cut oil price manipulation.
NYT: Biogen (BIIB) says its partner Elan has violated their deal to share ownership of the drug Tysabri
FT: Banks are still largely unwilling to increase the liquidity that they provide the market.
FT: Morgan Stanley (MS) will pay $950 million for its TARP warrants.
FT: Publicis is near buying Razorfish from Microsoft (MSFT).
Douglas A. McIntyre
