According to Reuters, the Fed is seen as holding rates on fears of inflation.
Reuters writes that the CEO of Nissan is bracing for the worst in the US.
Reuters writes that Hilton will add 300 hotels in Asia over the next decade.
Reuters reports that Barclays (BCS) will raise $8.8 billion in new capital.
Reuters reports that Blockbuster (BBI) shares rose on rumors it would not buy Circuit City (CC).
Reuters reports that Illinois is suing Countrywide (CFC) and Mozilo.
Reuters reports that Blackrock (BLK) sees the global slowdown getting worse in 2009.
The Wall Street Journal reports that the cost of oil could cause large cuts in orders at Boeing (BA) and Airbus.
The Wall Street Journal writes that consumer confidence plunged
The Wall Street Journal reports that Chrysler tapped it $2 billion credit line.
The Wall Street Journal reports that Charter (CHTR) will delay sending targeted ads to its customers becuase of privacy concerns.
The Wall Street Journal writes that the number of very wealthy people is growing faster in Asia, Russia, and India than it is in the US.
The Wall Street Journal writes that RIM (RIMM) is entering the risky market of consumer handsets.
The Wall Street Journal writes that Wachovia (WB) has hired Goldman Sachs (GS) to evaluate its loan portfolio.
The New York Times writes that Disney (DIS) is overhauling its website to make it more attractive to consumers.
The FT writes that inflation is now global and threatens economies in almost every region.
The FT writes that Nokia (NOK) has taken full control of software company Symbian in a challenge to handset operating systems from Apple (AAPL) and Google (GOOG).
The FT reports that Wal-Mart (WMT) will open its first Marketside small grocery chains in the Fall.
Douglas A. McIntyre
Sponsored: Find a Qualified Financial Advisor:
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.