According to Reuters, the Fed is considering more actions to improve liquidty issues in the economy and announcements could come as early as today. On proposal would include a new liquidity facility that will auction loans to banks
Reuters writes that BHP Billiton (BHP) says it proposal to buy Rio Tinto (RTP) is still pending.
The Wall Street Journal writes that Citigroup (C) appointed Vikram Pandit as its CEO.
The Wall Street Journal reports that GE (GE) units NBC will give money back to advertisers who did not get all of the audience which they were promised for certain shows.
The Wall Street Journal writes that a slowdown in the US will hurt GE profits.
The Wall Street Journal also reports that Boeing (BA) says that its delayed 787 should be delivered by its new target date.
The Wall Street Journal writes that as Saudi Arabia builds up its infrastructure it uses more oil inside the country, leaving less to export.
The New York Times writes that another large study has shown the health dangers of GlaxoSmithKline drug Avandia.
The New York Time writes that Alan Greenspan says that the subprime mess was "an accident waiting to happen".
The New York Times writes that CNBC will begin to provide content to Yahoo! (YHOO) Finance.
The FT writest that the Fed will set up a system to auction loans to banks.
The FT also reports that Freddie Mac (FRE) says that it is facing much larger losses in the future.
Barron’s reports that e-commerce revenue is up 18% this holiday season to $18.79 billion.
Bloomberg writes that China retail sales rose 19% in November.
Douglas A. McIntyre
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