Today's Best Market Rumors (10/28/2009) (UBS)(SNE)(BCS)(CBS)

Updated throughout the day.

Update 12.05 PM EST:  UBS (NYSE:UBS) may spin off PaineWebber  (Breakingviews)

GMAC has asked the Treasury Department for several billion more dollars in loans. (NYTimes)

Barry Diller’s IACI (NASDAQ:IACI) might be willing to sell its search business.  (NYPost)

News Corp (NYSE:NWS) and CBS (NYSE:CBS) are trying to get cable companies including Time Warner Cable (NYSE:TWC) to pay for carrying their broadcast channels.  (WSJ)

Statistics on “global cooling” may be bogus.  (Ars Technica)

AMD’s (NYSE:AMD) former CEO Hector Ruiz may have leaked tips to one of the people accused of insider trading in the Galleon case.  (various)

The German hedge fund firm K1 is part of an international criminal investigation after allegedly stiffing banks including Barclays (NYSE:BCS), JPMorgan Chase (NYSE:JPM). and BNP Paribas with $400 million of losses.  (Bloomberg)

Covance (NYSE:CVD) shares are undervalued by 50%  (BusinessWeek)

Sony (NYSE:SNE) is expected to loss money for the fourth straight quarter.  (Forbes)

Douglas A. McIntyre