According to Reuters, Fed chief Bernanke said the Fed was ready to help the economy if necessary.

Reuters writes that financial results at Deutsche Telekom (DT) met expectations for 2007.

Reuters writes that Nortel (NT) sees is growth in Asia and the telecom rstructuing in China.

Reuters writes that profits at AXA (AXA) rose slightly but missed expectations.

The Wall Street Journal writes that Paulson has rejected the rescue plan for homeowners saying that it is a :bailout:.

The Wall Street Journal writes that Alcoa (AA) faces bribery charges from a company controlled by Bahrain.

The Wall Street Journal reports that municipalities are being hit with high interest on variable-rate demand notes.

The Wall Street Journal writes that Fannie Mae (FNM) expects home prices to continue to fall this year.

The Wall Street Journal writes that the ITC upheld a decision that Nokia (NOK) did not infringe on certain Qualcomm (QCOM) patents.

The Wall Street Journal writes that some write-downs by big banks can be recouped, if and when the value of the securities rise.

The Wall Street Journal writes that the DJIA is benefiting for fairly good earnings at its companies outside the financial industry.

The Wall Street Journal writes that Delta (DAL) and Northwest (NWA) fell as a merger looks less likely.

The New York Times writes that GE (GE) will use the Olympics to get out a global marketing message.

The FT writes that private equity firms are turning to sovereign funds for capital.

The FT reports that the Apple (AAPL) iPhone was one of the top 10 selling handsets in Q4 07.

Douglas A. McIntyre

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