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MAJOR PAPERS:- General Motors Corporation (NYSE: GM) part supplier Delphi Corporation (OTC: DPHIQ), under bankruptcy court protection and having difficulty raising the $6.1B it needs to leave Chapter 11, may get more help from GM, which is reviewing taking more of Delphi's pension liabilities, the Wall Street Journal reported.
- The Wall Street Journal also reported that the FAA recently found that 46 Southwest Airlines Co (NYSE: LUV) jets failed to complete mandatory inspections and that six planes needed repairs. The FAA also found, and alleged, that the airline attempted to pick and choose the agency's inspectors to review their fleet of planes.
- The Financial Times reported that a planned merger between Brasil Telecom SA (NYSE: BTM) and Oi, two of Brazil's largest telecom companies, may be threatened by a battle between Citigroup Incorporated (NYSE: C) and Brasil Telecom's controlling shareholders.
- Motorola Inc (NYSE: MOT) will stop making mobile phones in Singapore by the end of this year, according to the Straits Times, which is expected to result in the loss of at least 700 jobs.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
