Mid-day News Update

Big banks don't want California IOU's (WSJ)
Oil, Gas Market Speculation May Face Restrictions (Bloomberg)
Delinquencies on Home-Equity Loans Reach Record (Bloomberg)
U.S. House May Include Surtax on Wealthy in Health-Care Package (Bloomberg)
Alcoa's Kleinfeld Say Aluminum Usage Recovering in China, U.S. (Bloomberg)
U.S. must be open to second economic stimulus: Hoyer (Reuters)
U.S. consumers fall behind on loans at a record pace (Reuters)
Banks don

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Mid-day News Update

• Bail set at $750,000 for ex-Goldman Programmer (Reuters)
• U.S. ISM Service Industries Index Increased to 47 (Bloomberg)
• World Bank tells G8: 2009 remains a dangerous year (Reuters)
• Bank of America Writeoffs May Rise 10%, Analyst Says (Bloomberg)
• Earnings Drop Worldwide as Job Losses Hurt Consumers (Bloomberg)
• Microsoft Plans for Worst as U.S. Companies Show No End to Fear (Bloomberg)
• Florida Aided Allen Stanford, suspect in huge swindle (Miami Herald)