According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales.
Reutes writes that Nasdaq (NDAQ) has opened its office in China, looking for listings there.
Reuters reports that OPEC is unlikely to change crude oil output when its ministers meet in the United Arab Emirates this week, Qatar’s Oil Minister Abdullah al-Attiyah
Reuters writes that Vivendi will take a controlling position in video game company Activision (ATVI).
According to The Wall Street Journal, a number of subprime loans went to people with good credit, which may change bank and government views of the problem.
The Wall Street Journal reports that Lennar (LEN) has sold 11,000 home sites to Morgan Stanley (MS) ins a sign big investors are looking for borrowers.
The Wall Street Journal writes that JP Morgan (JPM) will put $200 million into entertainment ventures in the hopes of a strong return.
The Wall Street Journal writes that the Citadel deal to buy E*Trade’s bank may set a value on mortgage-related securities which could effect write-offs by Citi (C) and other financial companies.
The New York TImes says that NBC has started buying programming from outside producers in blocks, a new move in the industry.
According to the FT, Merrill’s (MER) new chief is eyeing a major overhaul of the company.
The FT writes that the head of Fedex (FDX) sees the economy moving into recession which may spread across the global economy.
The FT writes that Dell (DELL) has signed a $4.5 billion three year deal with WPP to handle its advertising
CNN Money writes that Warren Buffett bought $2 billion in TXU (TXU) bonds.
Bloomberg writes that Moody’s is ready to cut ratings on $105 billion worth of SIVs.
Douglas A McIntyre
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
