Reuters: Banks paid out billions of dollars in bonuses last year while losing money.
Reuters: The US closed its car “clunkers” program just as it began as funds ran out.
Reuters: Obame faces more questions about his health care plan.
Reuters: A Congressional bill would affect OTC derivative holdings.
Reuters: Japan announced record deflation.
Reuters: Ford (F) has slowed the Volvo bidding process to get more money.
Reuters: Disney (DIS) profits beat Wall St. estimates.
Reuters: Obama says the recession is slowing sharply.
Reuters: British Air debt and expenses are falling.
Reuters: Investors are taking a hard look at Yahoo! (YHOO) after the Microsoft (MSFT) deal was announced.
WSJ: Companies are looking for modest improvements in business by the end of the year.
WSJ: Regulators are increasing the number of banks that they put on probation.
WSJ: Silicon Valley’s jobless are leaving the tech industry.
WSJ: The rally lifted stocks to 2009 highs.
WSJ: Asset sales helped Alcatel-Lucent (ALU).
WSJ: Wii sales dropped and hurt Nintendo.
WSJ: Retailers are launching Christmas in July sales.
WSJ: Tough Treasury sales this weak raised questions about whether China is still buying.
WSJ: Investors should be cautious about the second quarter GDP numbers as an indicator.
WSJ: Southwest (LUV) made a bid for Frontier Airlines.
WSJ: Motorola (MOT) posted a profit but cellphone sales kept dropping.
WSJ: Cablevision (CVC) will spin off Madison Square Garden assets.
NYT: Marketers are mining offline data and applying it to browsers to created targeted ads.
NYT: Now that AIG (AIG) has been rescued, it faces ongoing weakness.
NYT: The fight against corporate and government corruption in India is growing.
NYT: Merch (MRK) is selling its animal venture stake to Schering-Plough (SGP).
NYT: A MedImmune swine flu vaccine has proven unexpectedly effective.
NYT: Profits fell 66% at Exxon Mobil (XOM).
FT: Lenders won control of Delphi.
FT: The S&P is near the 1,000 level.
FT: Jaguar is a test of the UK programs to help manufacturers.
Bloomberg: China will cut loans to ease a stock market bubble.
Douglas A. McIntyre