NEW YORK (
) -- Here are the top stock market headlines for the morning of Wednesday, Dec. 9, 2009.
Wednesday's Early Headlines
- Senate Democrats Reach Health Care Deal -- After days of secret talks, Senate Democrats tentatively agreed Tuesday night to drop a full-blown government-run insurance option from sweeping health care legislation, several officials said, a concession to party moderates whose votes are critical to passage of President Barack Obama's top domestic priority, the Associated Press reports.
- Obama To Extend TARP to October -- The Obama administration intends to extend the life of the $700 billion financial bailout fund until next October, Reuters reports. The Troubled Asset Relief Program, which injected money into banks such as Citigroup (C) - Get Report, Bank of America (BAC) - Get Report and Wells Fargo (WFC) - Get Report, and insurer American International Group (AIG) - Get Report, will expire on Dec. 31, unless extended.
- Volkswagen to Buy 20% of Suzuki for $2.5 Billion -- Volkswagen said Wednesday it has signed an agreement to purchase 19.9% of Japan's Suzuki Motor for $2.5 billion. The deal could boost the companies' presence in expanding markets. Suzuki has a large market share in India, while Volkswagen is strong in China.
- RBS, Sempra May Sell Commodities Venture -- Royal Bank of Scotland (RBS) - Get Report and Sempra Energy (SRE) - Get Report are exploring the sale of their joint commodities-trading business and have engaged investment bank Lazard to handle the sale, the Wall Street Journal reports. RBS Sempra is seeking more than $3 billion for the entire business.
- Rambus Won't Pay Fine in E.U. Settlement -- Rambus (RMBS) - Get Report won't pay a fine in an antitrust settlement with European Union regulators. E.U. regulators dropped the investigation into Rambus after the company pledged to cap royalty fees for DRAM memory chip patents.