24/7 Wall St.

According to Reuters,US non-farm pay-rolls are likely to fall by 60,000.

Reuters reports that Fed official are playingt down rate cut expectations.

Reuters writes that the ex-ceo of UBS (UBS) wants to breakup the bank.

Reuters reports that News Corp (NWS) has reorganized its internet division.

The Wall Street Journal reports that Microsoft (MSFT) and Yahoo! (YHOO) meet about Redmonds proposed buy-out but made no progress.

The Wall Street Journal writes that Motorola (MOT) will cut 2,600 more jobs.

The Wall Street Journal writes that Northwest (NWA) is raising its fare and fuel fees.

The Wall Street Journal reports that News Corp’s MySpace has begun a music store to compete with Apple (AAPL).

The Wall Street Journal writes that China’s sovereign-wealth fund pledged to increase transparency.

The Wall Street Journal writes that Microsoft will continue to sell its old OS, Windows XP.

The Wall Street Journal reports that Verizon (VZ) and AT&T (T) will use their new spectrum to create super-fast wireless broadband.

The New York Times writes that some investors are buying distressed mortgages and securities in companies that may file Chapter 11.

The FT writes that John Reed, one of the creators of the new Citigroup (C), thinks that creating it ten years ago was a mistake.

The FT writes that there has been a surge of borrowing from the Fed by primary dealers.

Bloomberg writes that the Fed has signaled more cuts due to market stresses.

Douglas A. McIntyre