According to Reuters, regulators unveiled a plan to toughen rules for mortgage brokers.

Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) have begiin informal discussion about the buy-out.

Reuters reports that IACI (IACI) CEO Barry Diller claimed in court that Liberty Media had given him its proxy to run the company.

Reuters reports that JP Morgan (JPM) is in talks about buyng half of the Target (TGT) credit card business.

The Wall Street Journal writes that the SEC plans to tell companies that they can provide ranges for the values of securities that are hard to gauge.

The Wall Street Journal writes that many start-ups hold he same illiquid auction rate securities that big companies do.

The Wall Street Journal writes that large auto companies are trying to cut more costs as sales fall furher.

The New York Times reports that an FDA panel has recommended limiting the use of anemia drugs from Amgen (AMGN) and Johnson & Johnson (JNJ).

The New York Times reports that the CEO fo GE (GE) used a webcast to pitch he value of his company’s shares.

THe FT writes that that the dollar dropped to a record low.

The FT writes that write-downs at AIG (AIG) is urging regulators to amend the "fair value" regulations which have caused it write-downs.

Bloomberg writes that Chinese factory spending rose 24% causing more concerns about inflation.

Douglas A. McIntyre

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