Reuters: CIT (CIT) is close to a $3 billion rescue by bondholders.
Reuters: A new survey suggests that the US recession is not over.
Reuters: The White Houses wants healthcare reform passed by Congress before the August recess.
Reuters: Corporate cost cuts could become counter-productive.
Reuters: By 2040 there will be 1.3 billion senior citizens on earth.
Reuters: KKR Euronext listing is getting closer.
Reuters: The Froman funds at Citigroup (C) are facing problems.
Reuters: Microsoft’s (MSFT) deal talks with Yahoo! (YHOO) may be overshadowed by results.
Reuters: Time Warner’s (TWX) AOL is asking investors to rely on an ad recovery in 2011.
WSJ: Demand for federal short-term lending is beginning to drop.
WSJ: Cuomo said Schwab (SCHW) is facing a fraud suit over auction rate securities.
WSJ: A strong start has raised the bar on earnings.
WSJ: A key Barclays (BCS) official left to set up his own firm.
WSJ: The head of the FCC wants affordable broadband for all Americans.
WSJ: Commercial loans are falling at a rapid pace.
WSJ: The IRS is targeting offshore tax evaders.
WSJ: Dealers are charging more for cars which could hurt Detroit’s recovery.
WSJ: Drug companies are getting around healthcare co-pay systems.
WSJ: Fedex (FDX) and UPS (UPS) are clashing over new labor legislation.
WSJ: NEC is considering raising capital.
NYT: Former mortgage brokers are offering refinancing, sometimes with unpleasant wrinkles.
NYT: A new lupus treatment from Human Genome Sciences (HGSI) shows promise.
NYT: FedEx will start advertising on video programming it has produced.
FT: Some banks are using TARP funds to increase lending.
FT: More of the world’s top brands are likely to come from Asia in the future.
Bloomberg: Bernanke may hold rates down from some time while trying to suck cash out of the financial system.
Bloomberg: Morgan Stanley (MS) will get millions of dollars on work done for AIG (AIG)
Douglas A. McIntyre
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