The prices of homes in the People’s Republic are rising again, according to China’s National Bureau of Statistics. (Reuters)
American International Group Inc. (NYSE: AIG) sells its part of AIA for $6.45 billion. (Reuters)
Microsoft Corp. (NASDAQ: MSFT) and Google Inc. (NASDAQ: GOOG) are far apart on the amount necessary to resolve a patent case. (Reuters)
Morgan Stanley (NYSE: MS) pays a $5 million fine for its role in the botched initial public offering of Facebook Inc. (NASDAQ: FB). (WSJ)
Boeing Co. (NYSE: BA) and Brazilian jet-maker Embraer will take measures to prevent runway accidents. (WSJ)
Apple is in negotiations with Foursquare to put its reviews into Apple’s maps. (WSJ)
Clearwire Corp. (NASDAQ: CLWR) takes a $2.2 billion buyout offer from Sprint-Nextel Corp. (NYSE: S). (WSJ)
Twitter says it will create a “Nielsen Twitter TV Rating” with Nielsen. (WSJ)
European Central Bank President Mario Draghi says austerity is necessary to reach Europe’s long-term financial goals. (WSJ)
Scores of U.S. companies put money into share buybacks rather than capital spending. (WSJ)
General Electric Co. (NYSE: GE) may buy Italian aerospace group Avio for $4 billion. (WSJ)
Many investors believe sugar prices will rise, partly due to the demand for sugar-based ethanol. (WSJ)
Oracle Corp.’s (NASDAQ: ORCL) earnings may show it has placed more emphasis on cloud computing. (WSJ)
The United States hopes to sell most of its “investment” in banks that received TARP funds. (WSJ)
Low mortgage rates prompt people to take 15-year mortgages. (WSJ)
Some banks want to be shielded from mortgage suits under new Dodd-Frank provisions. (NYT)
Google likely will face problems with an investigation of its practices in Europe. (NYT)
GE says the effects of the fiscal cliff will undermine revenues. (FT)
Many managers probably will be charged in a Libor case against UBS A.G. (NYSE: UBS) (FT)
Cisco Systems Inc. (NASDAQ: CSCO) may sell its Linksys unit. (Bloomberg)
Douglas A. McIntyre
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