Reuters:   Obama will seek a three years domestic spending freeze aimed at cutting $250  billion from the deficit by 2020.

Reuters:   China tightened bank credit rules.

Reuters:   Chinese media criticized the US for “polticizing” the Google (NASDAQ:GOOG) cyber attack incident.

Reuters:   Apple (NASDAQ:AAPL) Mac sales were strong but iPhone sales missed forecasts.

Reuters:   Goldman Sachs (NYSE:GS) is looking at options as it fights public and Congressional criticism over pay.

WSJ:   The US is probing the partners that got AIG (NYSE:AIG) derivatives payouts.

WSJ:   GM’s Whitacre will take the CEO job permanently.

WSJ:   Support for Bernanke gained momentum.

WSJ:   Debt investors believe the credit value of corporations now exceeds that of sovereign debt.

WSJ:   Profits at Texas Instruments (NYSE:TXN) rose sharply.

WSJ:   Ford (NYSE:F) will begin hiring workers at lower wages than in the past.

WSJ:   Justice approved the merger of TicketMaster and Live Nation.

WSJ:   Ericsson will cut 1,500 more jobs.

WSJ:   Asia LCD manufactures see strengthening LCD demand.

WSJ:   VMWare (NYSE:VMW) posted outstanding numbers.

NYTimes:   Print publishers are looking to the Apple (AAPL) tablet to lift sales.

NYTimes:   The use of wind power rose 39% last year.

NYTimes:   The head of GM thinks the best way to attract shoppers is by paying its debt to the US.

NYTimes:   Bad news should be told in person and not over e-mail or video conference.

FT:   Hackers identified Google employees and their friends to gather data.

FT:   Chinese researchers led the world in advances over the past three decades

Bloomberg:   Japan’s debt rating outlook was cut by S&P.

Bloomberg:   Barofsky, the inspector general of Treasury is looking into payments from AIG to counter parties.

Douglas A. McIntyre