News updates - 10:10 AM

AIG Is Selling Japanese Headquarters for $1.2 Billion - CNBC Merger could empty buildings: Detroit, Auburn Hills fear real estate vacuum - Crain's Detroit Business White House Forecasts Higher U.S. Budget Deficit - CNBC Mortgages Over 5% Mean Fed Purchases as Bonds Slump (Update2) - Bloomberg Banks Brace for Credit Card Write-Offs - NYT CNBC is also reporting GM's CEO Frederick A. Henderson said GM could leave Detroit. Dealer closing notices this week. Closures will take all of 09. Oil down .70 to 57.91