Draft on posts

247WallSt.com brings you the daily recap of the printed word from major publications:

REUTERS:

• Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.
• November trade gap was greatest it has been since July.
• UBS (UBS) has told shareholders it will need an emergency capital hike.

WALL STREET JOURNAL:

• Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).
• ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field
• The board of Delta (DAL) is considering a merger with Northwest (NWA) or United (UAUA).
• The slowdown hit results at American Express (AXP).
• Toyota (TM) is looking to India for future growth.
• Microsoft (MSFT) has named a new head of its large business software unit.
• Verizon (VZ) is seeing no slowdown in its business.

NEW YORK TIMES:

• A huge oil field found off Brazil could turn the country into a major power in the world energy market.
• Merrill Lynch (MER) could report a huge write-down of $15 billion.
• New York Attorney General is opening an antitrust probe into Intel (INTC).

FINANCIAL TIMES:

• Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.

BARRON’S:

• Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).

OR………….

• REUTERS: Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.  November trade gap was greatest it has been since July.  UBS (UBS) has told shareholders it will need an emergency capital hike.
• WALL STREET JOURNAL: Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).  ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field.  The board of Delta (DAL) is considering a merger with Northwest (NWA) or United (UAUA).  The slowdown hit results at American Express (AXP).  Toyota (TM) is looking to India for future growth.  Microsoft (MSFT) has named a new head of its large business software unit.  Verizon (VZ) is seeing no slowdown in its business.
• NEW YORK TIMES: A huge oil field found off Brazil could turn the country into a major power in the world energy market.  Merrill Lynch (MER) could report a huge write-down of $15 billion.  New York Attorney General is opening an antitrust probe into Intel (INTC).
• FINANCIAL TIMES: Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.
• BARRON’S: Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).