Sept. 20 (Bloomberg) — In “Street News,” Bloomberg’s Scarlet Fu reports on today’s top stories including Bank of America is set to cut 16000 by the end of the year, Nike will buy back billion in stock over the next four years, GM looks to buy the auto-lending units of Ally Financial in Europe and Latin America and 6 million Americans face a health care penalty for not having health insurance. She speaks on Bloomberg Television’s “Bloomberg Surveillance.”