According to Reuters, Citigroup (C) is selling up to 4.9 percent of itself for $7.5 billion to the investment arm of the Abu Dhabi government.
Reuters writes that retail stocks fell despite information that sales were good for Black Friday.
Reuters reports that the president of Merrill Lynch (MER) told employees that the firm’s strategy is sound.
The Wall Street Journal writes the the FCC’s proposal to further regulate cable companies may be in trouble due to pressure from Congress.
The Wall Street Journal writes that HSBC (HBC) has become the first bank to bail out SIVs by taking more than $45 billion of SIV assets onto its balance sheet.
The Wall Street Journal writes that Google (GOOG) will start a service which will allow users to store data from their PCs on the search company’s hard drives.
The Wall Street Journal also writes that the NBC arm of GE (GE) will begin to use data from Tivo (TIVO) to target advertising.
The New York Times writes that the head of Commerzbank says that the extent of the current banking crisis is still unclear.
According to the FT, online retail sales should rise 20% for this holiday season.
Barron’s writes that shares of Cisco (CSCO) fell on concerns about revenue in emerging markets.
Barron’s writes that VMWare’s (VMW) stock is under pressure because of mixed views about the company’s long term future
CNN Money writes that Senator Schumer wants the government to look into loans taken out by Countrywide Financail (CFC)
Douglas A. McIntyre
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