Morning Mix: Bank of America Bolsters Small Business Nonprofits, Credit Union Lobbyist Aims for More Lending

Bank of America puts money behind small businesses: The nation’s largest bank has pledged $10 million to nonprofits that lend to small and rural businesses. (Wall Street Journal)

Let credit unions lend more: If Washington is serious about funneling cash to small businesses, it should raise a cap on the amount credit unions are allowed to lend, says Bill Cheney, president and chief executive officer of the Credit Union National Association. (Bloomberg Business Week)

Give Obama Some Credit: No one loves bailing out big firms. But the rescues of Chrysler and General Motors have so far at least done what was intended—saved jobs and got the automakers back to building new cars. President Barack Obama travels to Detroit today to grab some of the credit. (Detroit Free Press)

Droid-driven profits: Motorola beat analyst’s estimates for revenue, with $5.41 billion in its latest quarter, thanks to sales of smart phones powered by Google’s Android operating system. (Bloomberg)

Facebook to delay IPO: Sources tell Bloomberg Facebook CEO Mark Zuckerberg is in no hurry to go public. He’ll probably delay an IPO until 2012 to bolster profits and gain customers. (Bloomberg Business Week)

Cuomo investigates life insurers: New York Attorney General Andrew Cuomo is probing the life insurance industry over practices he says have denied the families of fallen soldiers millions of dollars in cash. (CNN)

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