Reuters: A Chinese newspaper accused Google (GOOG) of helping US intelligence
Reuters: JP Morgan (JPM) is close to a huge tax refund deal with the FDIC.
Reuters: Oil dropped below $81 on surging US inventories.
Reuters: The OECD is looking at a code of conduct for Europe’s banks.
Reuters: US securities class action suit settlements are up 39%.
Reuters: Fed officials are in no hurry to raise rates.
Reuters: Bank of America (BAC) will cut home loan principals on mortgages which are over 120% of a home’s value.
Reuters: Google (GOOG) users are reporting erratic service from its new Hong Kong operations.
Reuters: The home loan modification program is being oversold.
WSJ: Former Goldman Sachs (GS) chief and New Jersey Governor Jon Corzine was named head of MF Global.
WSJ: Geithner urged law makers to allow the US to remain in the home mortgage business despite the collapse of Fannie Mae (FNM) and Freddie Mac (FRE).
WSJ: Daimler will settle bribery charges with the U.S. government.
WSJ: Feinberg capped pay at AIG (AIG) and other firms.
WSJ: Profits at Wynn Macau rose.
WSJ: Sprint (S) unveiled the first 4G phone.
WSJ: A Bill Gates start-up is in talks to build new reactors.
WSJ: Google won a court case in Europe to allow advertisers to use trademarks.
WSJ: Census data show that the migration to places like Las Vegas and Florida has reversed.
WSJ: Conoco Philips (COP) is partly pulling out of Russia.
WSJ: GM is making progress as its sales rise.
WSJ: Chinalco and Rio Tinto (RTP) are in talks about a global ore alliance.
WSJ: Nintendo is preparing a 3D device.
WSJ: T-Mobile is speeding up its US network.
NYT: China’s largest internet sites may not be able to expand outside the US.
NYT: Health Care reform will force most restaurant chains to post calorie data.
NYT: Germany may compromise on aid to Greece, adding a role for the IMF.
NYT: More sellers are putting homes on the market, but there are few buyers.
NYT: Pfizer (PFE) and GlaxoSmithKline (GSK) will offer vaccines to poor countries a cut rates.
FT: The disclosures required by global derivatives traders will rise.
Bloomberg: A new poll shows Americans hate Wall St. and want more regulations of the financial industry.
Bloomberg: Some Chinese CEOs are siding with US on stronger yuan.
Douglas A. McIntyre