According to Reuters, Google (GOOG) launched a new mobile phone initiative with a number of handset makers and cellular carriers.

Reuters writes that an analysts covering the financial industry expects more write-dwons on mortgage related securites when Q4 earnings are announced.

Reuters writes that Sony’s (SNE) US consumer electronics chief see strong holiday sales of TVs and cameras.

Reuters writes that Sun (JAVA) reported revenue that missed Wall St. estimates.

The Wall Street Journal reports that investment banks plan to sell $10 billion in Chrysler bonds, a potential comeback for LBO debt.

The Wall Street Journal reports that striking Hollywood writers want a bigger piece of digital revenue while consumers expect costs of online content to drop.

The Wall Street Journal writes that Countrywide (CFC) extended stock options expiration dates for eight executives.

The Wall Street Journal writes that Time Warner’s (TWX) new CEO is open to restructuring that could change the face of the company.

The Wall Street Journal writes that the FCC sent detailed questionnaires to XM (XMSR) and Sirius (SIRI) seeking more data as it examines a merger of the companies.

The Wall Street Journal writes that Beazer’s (BZH) problems are getting worse due to write-offs and costs.

The New York Times writes that Ford (F) indicated it would have to cut more costs if sales did not improve.

Barron’s writes that an increase in the price of Alibaba shares could drive the stock in one of its owners, Yahoo! (YHOO) up.

Douglas A. McIntyre

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