Updated regularly throughout the day.
Update: Rusal, the world’s biggest aluminum firm, may have an IPO on The Hong Kong exchange. The company is controlled by Russian oligarch Oleg Deripaska and has $7.4 billion in debt. (MarketWatch)
Not a rumor: Man sues Bank of America (BAC) for “1,784 billion, trillion dollars” (Reuters)
Natural gas prices could drop 19% (Bloomberg)
Time Warner (TWX) will sell its Time, Inc. magazine group (BusinessWeek).
Kraft (KFT) will up its bid for Cadbury for hostile takeover. (MarketWatch)
Market negative on Yahoo!’s (YHOO) new ad campaign creative. (reliable).
The Administration may put $35 billion into helping state and local housing agencies. (WSJ)
CBS (CBS) may announce a deal with GlobalPost which will provide the network with overseas reporting (NYT)
Major US banks could post big improvementsin Q3 earnings if they write-up the value of toxic assets (FT).
Douglas A. McIntyre
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