According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country.

Reuters reports that Honda’s net fell and that the company said the yen would hurt results in 2009.

Reuters writes that Microsoft (MSFT) made a final threat that it "reveal new plans" if Yahoo! (YHOO) will not negotiate a buy-out.

Reuters writest that Wall St. was disappointed by Microsoft’s numbers.

Reuters reports that results at American Express (AXP) fell.

The Wall Street Journal reports that the FHA spent $157 million last year to keep lenders from foreclosing on properties. That numbers is likely to rise.

The Wall Street Journal writes that AOL (TWX) is bringing more people to its website but not getting much greater ad dollars from the extra visitors.

The Wall Street Journal reports that banks increased their use of the Fed’s discount window last week.

The Wall Street Journal writes that the compensation for Countrywide (CFC) CEO Mozilo dropped almost 80% last year.

The Wall Street Journal reports that Delta (DAL) and Northwest (NWA) defended their proposed merger to Congress.

The Wall Street Journal writes that Motorola (MOT) handset sales fell 39% last quarter.

The New York Times writes that foreclosures are spreading to affluent areas.

The New York Times reports that Ford (F) posted a surprise profit.

The New York Times reports that inflation hit a 10-year high in Japan.

The FT writes that TPG is in talks with Merrill Lynch (MER) about putting more money into the brokerage.

Bloomberg writes that shares of Ericsson (ERIC) rallied considerably on strong results.

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.