Reuters: American International Group (NYSE: AIG) and the Treasury are closer to a deal to recoup the taxpayers’ investment in the insurer.
Reuters: China said movement on a bill to force revaluation of the yuan by the U.S. Congress is “redundant”
Reuters: M&A has kept European stock markets high.
Reuters: The euro dropped back from $1.35 and gold rose.
Reuters: Initial Apple Inc. (NASDAQ: AAPL) iPhone 4 sales in China were above 200,000
Reuters: The United Arab Emirates expect the Research In Motion (NASDAQ: RIMM) dispute to be settled soon.
Reuters: Walmart (NYSE: WMT) offered $4 billion for South Africa’s Massmart.
Reuters: Unilever bought Alberto Culver for $3.7 billion.
Reuters: Vivendi sold its stake in NBCU to GE (NYSE: GE) for $2 billion.
Reuters: AIA began a road show for its IPO.
WSJ: Stephen Trauber, a currency trader, will get $30 million a year for three years when he joins Citigroup (NYSE:C)
WSJ: The failure of banks has hurt the industry and left those financial firms that remain more power over customers.
WSJ: Sanofi-Aventis will try to finance a higher bid for Genzyme.
WSJ: Underwater cracks could have caused the BP plc (NYSE: BP) Deepwater Horizon explosion.
WSJ: As water become scarce, smart resource management should grow.
WSJ: Alabama says its businesses and people are have not received enough compensations from the BP escrow fund.
WSJ: A new bill in Congress would combat companies that outsource jobs.
WSJ: Russia and China will open the first pipeline between the two nation.
WSJ: Lukoil Holdings bought back $2.3 billion in shares owned by ConocoPhillips (NYSE: COP)
WSJ: The head of the Barnes & Noble (NYSE: BKS) board will have to fight to keep his seat.
WSJ: Hyundai will recall almost 240,000 Sonatas.
WSJ: CEOs are have begun to pay more attention to price patterns to raise profits but keep consumers.
WSJ: The former head of HSBC (NYSE: HBC) will receive $2 million.
WSJ: Seventy-seven S&P 500 companies have said they will miss earnings.
NYT: The head of Nokia (NYSE: NOK) faces a culture set in its ways.
NYT: Agencies which rated unsafe mortgage securities ignored warnings.
NYT: Comcast (NASDAQ: CMCSA) has spent a great deal of money in DC to get approval of its NBCU deal.
NYT: Netflix (NYSE: NFLX) faces tough competition for its online products.
NYT: China put large tariffs on US poultry.
NYT: Japans export growth slowed.
FT: The US Treasury has found it difficult to sell Citigroup (NYSE: C) shares.
FT: Japan may set a $55 billion stimulus package.
FT: Germany supported harsh EU rules for nations that do not reduce deficits.
FT: The sales of MP3 song downloads may have reached a “saturation” point.
FT: Europe’s Central Bank is no longer selling gold
Bloomberg: Sony (NYSE: SNE), Time Warner (NYSE: TWX), and Walt Disney (NYSE: DIS) may set a way from home viewer to see their films after their run in theaters.
Douglas A. McIntyre