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- Amazon CEO Jeff Bezos challenged other retailers to raise wages in his annual shareholder letter. (SEC filing)
- Republican senators Mitt Romney, Lisa Murkowski and Cory Gardner say they will vote against Herman Cain if he is nominated to the Fed. Given expected united Democratic opposition, Cain cannot lose one more Republican vote and be confirmed. (CNBC)
- “Undermining central-bank independence would be dangerous,” Tobias Adrian, director of the IMF’s monetary and capital-markets department, said when asked about President Trump's recent calls for the Fed to cut interest rates. (Bloomberg)
- Recently bankrupt California utility company PG&E is in talks with BlueMountain Capital Management to possibly expand its board. (Reuters)