Reuters: Obama says healthcare reform is essential to the recovery.
Reuters: CIT (CIT) bond advisers will push for Chapter 11.
Reuters: Democrats will fight with banks on consumer agency.
Reuters: Amazon (AMZN) bought Zappos for $829 million.
Reuters: Porsche approved Qatar talks and fired its CEO.
Reuters: Bristol-Myers (BMY) bought Medarx (MEDX) for $2.4 billon.
Reuters: Hyundai posted a record profit.
Reuters: Bernanke will fight for the Fed’s independence.
Reuters: Ebay (EBAY) posted reasonable earnings and offered hope it core business is improving.
Reuters: Wal-Mart (WMT) is trying to improve its laptop business for the back-to-school season.
WSJ: The jobs market is dropping faster than GDP.
WSJ: The Federal pension agency will bail out Delphi by taking on $8.2 billion in liabilities.
WSJ: The SEC will ban managers from having public pension fund clients if they make political contributions.
WSJ: A rating shift by S&P (MHP) has clouded the market for mortgage securities in commercial real estate.
WSJ: GM says global sales are picking up.
WSJ: Intel (INTC) says that an EU fine violated its rights.
WSJ: RIM (RIMM) warned a new update has spyware.
WSJ: Earnings at Well Fargo (WFC) show that bad loans are still hurting banks.
WSJ: The IMF is pushing ongoing stimulus in China.
WSJ: Goldman Sachs (GS) bought back warrants from the US.
WSJ: AIG (AIG) help back bonuses it was to pay last week.
WSJ: Boeing (BA) has still not set a date for the first flight of the Dreamliner.
WSJ: Glaxo (GSK) hopes to have flu vaccine early next year.
WSJ: The FDA approved a Medtronic (MDT) heart valve.
WSJ: Qualcomm (QCOM) sees signs of a cell phone rebound.
NYT: Washington want more cuts from the pharma industry as it remakes healthcare.
FT: US banks are warning about future write-offs on commercial property.
Douglas A. McIntyre