According to Reuters, Obama set out his goals in an address before Congress.

Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract.

Reuters reports that The San Francisco Chronicle may fold.

Reuters writes that AIG (AIG) may abandon its asset sales plan.

Reuters reports that Live Nation and Ticketmaster may run into regulatory problems for their merger.

Reuters writes that Citigroup (C) may sell its Japanese investment bank.

Reuters reports that Microsoft (MSFT) says it will have no new cost cuts.

Reuters reports that the Fed has told banks not to use government capital for dividends.

Reuters reports that Bernanke said the US could be in recession for most of the year.

The Wall Street Journal reports that Citigroup management is unhappy that more government involvement may come with Uncle Sam’s increased investment.

The Wall Street Journal writes that Bank of America (BAC) is feeling the bite of mortgage backed securities.

The Wall Street Journal reports that GM (GM) and Ford (F) met with the Administration to talk about the shaky US parts supply industry.

The Wall Street Journal reports that watchdogs think the TARP is ripe for fraud.

The Wall Street Journal reports that Japan’s trade deficit widened.

The Wall Street Journal reports that Ford executives will take pay cuts.

The Wall Street Journal reports that the car industry is facing a lending squeeze.

The Wall Street Journal reports that Nokia (NOK) and Vodafone (VOD) are cutting jobs.

The Wall Street Journal reports that Merrill’s losses increased by $500 billion.

The Wall Street Journal reports that Wells Fargo (WFC) may be reluctant to cut its dividend.

The Wall Street Journal reports that Medtronic (MDT) will disclose payments to doctors.

The Wall Street Journal reports that the net at Thomson Reuters rose 51%.

The Wall Street Journal reports that Google (GOOG) has joined the investigation into Microsoft’s browser.

The New York Times reports that there are arguments over how much capital big banks will need to get through the financial crisis.

The New York Times reports that Hong Kong’s GDP dropped 2.5% in the fourth quarter.

The FT writes that Japan’s exports are down 45% year-over-year.

The FT reports that Bernanke said bank nationalization is unlikely.

The FT reports that Rupert Murdoch of News Corp (NWS) pushed the benefits of his “contrarian” style.

Bloomberg reports that Toyota (TM) cut January vehicle production by the most in three decades.

Douglas A. McIntyre