American Apparel gets credit waiver from lenders. 

Borders may file for bankruptcy as soon as next week.

BP is underpaying claims, Mississippi charges, as court halts Rosneft talks; new CEO Bob Dudley still seen as bold risk-taker.

Citi seizes control of EMI, paving way for sale.

Comcast and Time Warner Cable sign streaming content pact.

Dow and S&P 500 close at highest level since June 2008.Continue reading...

U.S. politician Drew Rees supports lower taxes, limited government and the delicious combination of peanut butter and milk chocolate.

Music fans sings "Don't Bring Me Down" to Yoko Ono's assertion that the Beatles on iTunes won't happen while she has a say.

Would today's more lawyered up Campbell Soup be so flattered by Andy Warhol's homages?Continue reading...

The FCC calls off network neutrality talks as Google and Verizon deny a New York Times report that they're in "secret talks" about a unified tiered approach to online bandwidth management, although the FT hears that such an agreement is indeed imminent.

GM dangles a lifetime warranty for its Opel and Vauxhall brands to European car-buyers (the continent's first such offer) — "lifetime" meaning up to 100,000 miles, that is. GM CEO Ed Whitacre, meanwhile, says he welcomes an IPO to shake "Government Motors" nickname while Ford receives a new federal loan guarantee.

Add Lebanon to the list of countries contemplating a BlackBerry blackout over security concerns, with Saudi Arabia's ban taking effect tomorrow — although 11th hour talks are under way. Bloomberg reports that U.S. and Canadian government officials are now involved in Research in Motion's talks with skittish foreign governments, with the BBC noting that U.S. Secretary of State Hillary Clinton will discuss the BlackoutBerry crisis with the UAE.

BP finished pumping cement into its damaged Gulf of Mexico oil well to seal it off.

News from Chevrolet, Adobe, Pfizer and more after the jump.Continue reading...

Goldman Sachs apologizes for mistakes, announces $500 million to aid small businesses. [NY Times]

JC Penney serves as an indicator of economy's health. [FT]

Hershey and Ferrero may counter Kraft's bid for Cadbury. [NY Times]

EU approves Lloyds restructuring program. [NY Times]

Coke will debut uniform global packaging for juice brands. [FT]

How price dispute led Costco to drop all Coca-Cola products. [WaPo]

Fewer 2010 car models pass safety tests. [WSJ]

(More headlines: Home Depot, Sy Syms, Sony.)Continue reading...