According to Reuters, GM (GM) will begin to build hybrid cars in China next year.

Reuters writes that BHP Billiton (BHP) is insisting that a merger with Rio Tinto (RTP) will not raise pricing questions that would drive away large customers.

Reuters reports that Toyota (TM) is recalling 215,000 Lexus and other models in Japan.

Reuters writes that OPEC is alarmed by rising oil but has said little about its policy on the matter.

Reuters reports that Ford (F) is trying to take lessons from its successful operation in Brazil to use in the US.

Reuters reports that Wells Farge (WFC) will take a $1.4 billion charge for bad loans.

Reuters also writes that the CEO of Activision sees the price of game consoles like the Sony (SNE) PS3 and Microsoft (MSFT) Xbox 360 dropping to under $200 over time.

The Wall Street Journal writes that Verizon Wireless is opening its cellular network to devices and software which it does not sell.

The Wall Street Journal writes that e-commerce sales hit a daily record of $733 million on Monday.

The Wall Street Journal writes that GM  will sell asset-backed securites in China, a first for a US company.

The Wall Street Journal writes that Google (GOOG) will spend hundreds of millions of dollars to develop alternative energies.

The New York Times writes that cable companies were able to dodge further regulation by the FCC.

The FT writes that Freddie Mac (FRE) has cut its dividend in half and will raise $6 billion.

Barron’s writes that Marvel (MRVL) beat estimates for the current quarter and raised guidance.

CNN Money writes that Nintendo Wii sales are brisk but supplies are short.

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.