Reuters: The Fed will defend the breadth of its power before Congress.
Reuters: Hyundai will recall the Sonata because of lock issues.
Reuters: The Bank of Japan says it is ready to act on deflation.
Reuters: Yahoo! (NASDAQ:YHOO) has partnered with Twitter to improve social features.
Reuters: China has rejected the bid made by Sichuan Tengzhong to buy Hummer from GM
Reuters: Citigroup (NYSE: C) is close to selling its hedge fund business.
Reuters: An SEC short sale restriction may apply to market makers.
Reuters: Google (NASDAQ: GOOG) was notified of an informal inquiry by the EC.
Reuters: The COO of Apple (NASDAQ: AAPL) says it has looked at some large firms as M&A candidates.
WSJ: Retailers expected unemployment and housing problems to keep their results down.
WSJ: Toyota (NYSE :TM) management says recalls may not fix all acceleration problems.
WSJ: Banks posted their sharpest lending rate since 1942.
WSJ: The Treasury will borrow $200 billion from the Fed which will make it easier to raise interest rates.
WSJ: Fitch downgraded Greek banks.
WSJ: Blockbuster will try to turn itself around again by restructuring debt and buying assets from another movie store chain.
WSJ: Intel (NASDAQ; INTC) says it was the subject of a cyber attack.
WSJ: Airline passenger revenue rose for the first time in 14 months.
WSJ: Xerox (NYSE: XRX) sued Microsoft (NASDAQ: MSFT) and Yahoo! over patent infringement.
WSJ: A pool of toxic assets set up as a bonus pool at Credit Suisse (NYSE; CS) rose 72% in value last year.
WSJ: The next wave of distressed securities defaults may be larger than expected .
NYT: Hewlett-Packard’s (NYSE: HPQ) smartphone sales are down 80% in five years.
NYT: ABC (NYSE: DIS) will fire hundreds of news employees.
NYT: Intel (NASDAQ: INTC) and other tech companies will create a $3.5 billion fund for start-ups.
NYT: China told banks to restrict loans to local governments.
FT; The cold weather in the northern hemisphere hurt GDP and consumer confidence.
FT: Obama want to take away antitrust exemptions held by some health insurance firms.
Bloomberg: Bernanke will be up against questions about the second jobless recovery in the last decade.
Douglas A. McIntyre
