According to Reuters, Paulson will try to tighten rules at the state and federal levels to tighten mortgage standards.

Reuters writes that Carlyle Capital was unable to reach a deal with it lenders, setting up a liquidation.

Reuters writes that Toyota (TM) expects North America demand to be unchanged this year.

Reuters reports that Electronic Arts (ERTS) plans to make a tender offer for Take-Two (TTWO) shares.

Reuters writes that Google (GOOG) will announce a new service for ad publishers which could pull in additional revenue for their partners.

Reuters writes that the CEO of JP Morgan (JPM) says that the US is likely to be in recession.

The Wall Street Journal writes that Southwest (LUV) has grounded dozens of planes

The Wall Street Journal reports that Chicago Mercantile Exchange parent CME Group may announce a definitive plan as early as next week to buy energy-exchange operator Nymex Holdings.

The Wall Street Journal reports that DirecTV (DTV) will begin an "on demand" service.

The Wall Street Journal writes that Delphi’s plans to exit Chapter 11 are in disarray.

The Wall Street Journal writes that Target (TGT) is in talks to sell part of its credit card business.

The New York Times reports that internet use could outrun capacity by 2011.

The FT writes that oil moved above $110 as the dollar fell.

Bloomberg writes that the Fed’s attempts to cut rates quicky could hurt inflation goals for the US.

Douglas A. McIntyre

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