According to Retuers, Alan Greenspan says that housing price will fall much further due to oversupply.
Reuters writes that the UAW and GM (GM) will begin bagaining again on Friday.
Reuters reports that earnings at Oracle (ORCL) rose 25%.
The Wall Street Journal writes that Goldman Sachs (GS) and KKR may back away from a deal to buy Harman International (HAR) for $8 billion.
Congress and the Bush administration are closer to a deal that would allow Freddie Mac and Fannie Mae to buy more home mortgages.
Barron’s writes that RBC cut its rating on Nortel (NT) saying any turnaround is far off.
Douglas A. McIntyre