- According to Reuters, NewspaperWarren Buffett and the head of Blackstone (BX) called for a solution to the govenment's growing debt load and reliance of foreign investors to finance US borrowing.

- Reuters reports that Korean banks held talks with Lehman (LEH) about taking a stake in the US broker.

- Reuters reports that several firms including Merrill Lynch (MER), Goldman Sachs (GS), and Deutsche Bank (DB) have agreed to auction-rate settlements, but more companies are being investigated.

- Reuters reports that GM (GM) is preparing a prospectus for selling Hummer.

- The Wall Street Journal writes that inflation is rising faster than wages in the US.

- The Wall Street Journal reports that Freddie Mac (FRE) is talking to private equity firms about raising cash.

- The Wall Street Journal reports that sales of televisions are rising despite a tough economy.

- The Wall Street Journal reports that profits at Gap (GPS) rose and the company named a new chief for Old Navy.

- The New York Times reports that commercial property loans may be the next debt downturn.

- The New York Time writes that oil is holding above $121.

- The FT reports that investors are pulling money out of Russia.

- The FT writes that Fannie Mae (FNM) and Freddie Mac (FRE) stocks stabalized.

- Bloomberg writes that many corporations are getting deals less favorable that those offered to individual investors in the recent auction-rate settlements.