Today's Best Market Rumors (11/4/2009) (JAVA)(ORCL)(TWX)

Updated throughout the day.

Updated 10.30 AM EST:  Oracle (NASDAQ:ORCL) believes that EU authorities may try to block its buy-out of Sun (NASDAQ:JAVA)  (FT)

Updated 10:26 AM EST: Apollo Management is buying debt swap instruments to increase is control of Harrah’s. (NYPost)

The CEOs of Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM) met pay czar Feinberg before he announced pay cut plans  (Bloomberg)

Time Warner’s (NYSE:TWX) Time, Inc publishing division will lay off 500 people  (various).

Senator Chris Dodd will propose merging all four bank regulatory agencies (various).

Cisco’s (NASDAQ:CSCO) earnings outlook is likely to be poor  (TheStreet)

Warren Buffett may join Goldman Sachs (NYSE:GS) in bidding for Fannie Mae (NYSE:FNM) tax credits.

Douglas A. McIntyre