- BMW (BMWYY) will recall 345,000 cars due to flaws in the braking system. The recall also includes 5,800 Rolls Royce Phantoms. With all the rain, the roads are slippery, so be careful out there. [WSJ]
- The credit default swaps market is indicating that leveraged buyouts are making a comeback. Corporate raiders, sharpen your scimitars. [Bloomberg]
- Microsoft (MSFT) CEO Steve Ballmer didn’t get his full bonus this past fiscal year, because Microsoft’s Kin phone didn’t sell well and Microsoft hasn’t come up with anything as nifty as the iPad. [Reuters]
- Ahead of today’s inaugural meeting of new regulatory supergroup the Financial Stability Oversight Council, Federal Reserve Chairman Ben Bernanke said the Council’s constituent members are working quickly and carefully to implement new rules. [AP]
- New Yorkers are buying bigger Manhattan apartments, and prices are not falling through the floor. [Reuters]
