According to Reuters, Goldman Sachs says the Fed may make an emergency rate cut.

Reuters writes that Nokia (NOK) is likely to sell down now that information from chip company Texas Instruments (TXN) shows that handset sales are slowing.

Reuters writes that Continental pilots voted to increase their merger fund in an attempt to block a potential combination with another airline.

Reuters writes that Citigroup (C) is merging its banking and brokerage units.

Reuters writes that Take-Two’s (TTWO) two largest shareholders have cut their stakes in the company.

The Wall Street Journal writes that Boeing (BA) will officially file a complaint about an Air Force tanker contract which went to a rival.

The Wall Street Journal writes that shares in Freddie Mac (FRE) and Fannie Mae (FNM) dropped on concerns that they may have to raise more capital.

The Wall Street Journal reports that Wellpoint cut its 2008 forecasts.

The Wall Street Journal reports that investors are concerned that Target’s (TGT) growing lending business may run into write-offs.

The New York Times writes that John Mack, CEO of Morgan Stanley (MS) is being questioned about his ability to lead after the firm took huge write-offs.

The New York Times writes that Citigroup (C) has put up $1 billion to support six hedge funds.

The New York Times writes that the CEO of GE (GE) has rejecte the notion of selling NBC.

The New York Times writes that oil has moved above $107 a barrel.

The FT writes that Rupert Murdoch says his company has not interest in a deal with Yahoo! (YHOO).

Bloomberg writest that China’s inflation rate moved up to 8.7%.

Bloomberg reports that it monthy survey of economists indicates that the economic slowdown will be deeper than previously forecast.

Douglas A. McIntyre

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