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According to Reuters, Paulson believes that the current proposal to help homeowners is too broad and may help speculators.

Reuters writes that Microsoft (NASDAQ:MSFT) has cut the price of Vista to encourage upgrades.

Reuters writes that AIG (AIG) posted a $5.3 billion loss.

Reuters reports that ad company WPP believes that 2008 will be a better year than 2007.

Reuters writes that the Sony (SNE) PS3 should have a strong year due to lower retail prices and new games for the console.

The Wall Street Journal writes that the net at Dell (DELL) slipped as the company tries to deal with costs.

The Wall Street Journal says that Microsoft knew that lowering the requirements on PCs that run Vista was a mistake.

The Wall Street Journal reports that Bain will resubmit its offer to buy 3COM (COMS).

The Wall Street Journal writes that Ebay (EBAY) has settled a major patent dispute.

The Wall Street Journal reports that "the Financial Accounting Standards Board will re-examine rules that allow banks to keep assets in special financing vehicles, off the books."

The Wall Street Journal writes that Providence Equity has sued Wachovia (WB) over closing a deal to by TV stations from Clear Channel (CCU)

The Wall Street Journal writes that the surge in oil makes it more likely that OPEC will hold production steady.

The New York Times writes that Viacom (VIA) profits rose on the strength of it studio results.

The FT reports that private equity firms are raising tens of billion of dollars despite a tough economy.

Bloomberg reports that auction-rate bond failures have lead to the worst month for munis since 2003.

Douglas A.McIntyre

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