European Central Bank President Mario Draghi says Europe may have a second-half recovery. (Reuters)

Germany’s parliament will approve participation in the Greek bailout. (Reuters)

Apple Inc.’s (NASDAQ: AAPL) iPhone 5 is approved for distribution in China. (Reuters)

New data shows that Microsoft Corp. (NASDAQ: MSFT) Windows 8 has not helped PC sales. (Reuters)

CBS Corp. (NYSE: CBS) has challenges with digital distribution despite its success with television. (WSJ)

Corporations sell debt to make dividend payments to shareholders ahead of a possible fiscal cliff tax increase. (WSJ)

Facebook Inc. (NASDAQ: FB) can build its own games for the social network that hit game supplier Zynga Inc.’s (NASDAQ: ZNGA) stock. (WSJ)

Groupon Inc.’s (NASDAQ: GRPN) board keeps Andrew Mason as chief executive. (WSJ)

Third-quarter gross domestic product is revised to 2.7% from an initial estimate of 2%. (WSJ)

Detroit is about to become insolvent. (WSJ)

Hurricane Sandy undermines results for some U.S. retailers. (WSJ)

Some major creditors push for AMR to put in a new board before its comes out of Chapter 11. (WSJ)

Tiffany & Co. (NYSE: TIF) cuts its earnings outlook. (WSJ)

More investors put money into Spanish and Italian debt, pushing down borrowing costs. (WSJ)

Ranbaxy Pharmaceuticals, which makes generic Lipitor, stops production because of trouble with capsules. (NYT)

India’s growth rate drops to 5.3%. (FT)

Morgan Stanley (NYSE: MS) will take new steps to increase investor returns. (FT)

Microsoft will release a new version of Windows every year, a step to increase competition to Apple. (FT)

The results of a Bloomberg Global Poll show expectations of a recession in Germany next year. (Bloomberg)

U.K. consumer confidence reaches an 18-month high. (Bloomberg)

Douglas A. McIntyre

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