According to Reuters, falling home prices could keep buyers on the sidelines until they see a bottom.
Reuters writes that a Microsoft (MSFT) deal with Yahoo! (YHOO) could hurt Google (GOOG) in Asia.
Reuters reports that foreclosures hit a record as household wealth fell.
Reuters writes that the IMF sees a slowing US economy but no recession.
The Wall Street Journal writes that problems are getting worse at Carlyle Capital as lenders are liquidating some of the firm’s portfolio.
The Wall Street Journal writes that banks that loaned money to hedge funds are asking for some of it back and want more cash or assets on the balance sheet of firms before making more loans.
The Wall Street Journal writes that Washington Mutual (WM) and other banks are going to private equity firms and sovereign funds to raise more capital as regulator push financial firms to improve their ability to lend.
The Wall Street Journal writes that Apple (AAPL) has added new features to the iPhone to make it more attractive to business users.
The Wall Street Journal writes that Citigroup (C) will scale back its mortgage lending.
The Wall Street Journal writes that GM (GM) in increasing plant closings due to a strike at a parts supplier.
The FT writes that EADS is putting together by-laws that would restrict foreign investment in the Airbus parent.
Bloomberg writes that profits at Fortis dropped 45% on a $2.3 billion subprime write-down.
Douglas A. McIntyre