According to Reuters, Bear Stearns (BSC) replaced its CEO James Cayne who will remain chairman.

Reuters writes that the CEO of Best Buy (BBY) sees the retail climate getting tougher.

Reuters writes that shares in PC company Lenovo dropped on concerns that the US economy is slowing.

Retuers reports that Ford (F) says the US economy is  a concern for hitting its numbers.

Reuters reports that GM (GM) is working on partnerships to expand sales in India.

The Wall Street Journal reports that the head of AT&T (T) says the company is seeing softening of its consumer business.

The Wall Street Journal writes that Calpers has bought about 10% of buy-out firm Silver Lake.

The Wall Street Journal reports that leasing company AWAS is buying 100 Airbus planes.

The Wall Street Journal reports that HP (HPQ) plans to improve the energy efficiency of it PCs by 25% over the next two years.

The New York Times writes that Citigroup (C) is putting all of its mortgage operations into one division.

The New York Times reports that McGraw-Hill (MHP) will cut 3% of its staff.

The FT reports that TV will get a big spending boost from the election.

Barron’s reports that the head of the FCC said that cable was the most expensive and least open network in the US.

Bloomberg reports that Apple (AAPL) iTunes will allow people to rent film including those from Fox and Warner Brothers.

CNN Money writes that Intel (INTC) is betting on making chips for devices smaller than standard PCs

Douglas A. McIntyre

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