- According to Reuters, US inflation rose as the housing market continued to be troubled.

- Reuters reports that Fed officials said they must be ready to curb inflation.

- Reuters writes that GM (GM) will extend warranties on its used cars.

- The Wall Street Journal reports that Freddie Mac (FRE) was forced to pay very high rates to raise $3 billion fueling speculation of a bail out.

- The Wall Street Journal reports that Wachovia (WB) sold $40 million in troubled real estate loans.

- The Wall Street Journal writes that growth at India's IT companies is starting to slow.

- The Wall Street Journal reports that some energy traders are betting the oil be have another bull run.

- The Wall Street Journal writes that cellphone sales fell 13% in the last quarter.

- The New York Times reports that Chrysler's owners will give management more time to fix the company.

- The New York Times reports that consumers who cannot sell houses are focusing on home repairs.

- The FT reports that GM (GM) is making a "U-turn" on using sales incentives.

- The FT reports that Barclays (BCS) may buy an asset manager in the US.

- The FT writes that Intel (INTC) is bullish on its new Atom processor for small wireless devices.

- Bloomberg writes that a bail-out for Fannie Mae (FNM) and Freddie Mac (FRE) may hinge on a roll-over of $223 billion in debt.