According to MarketWatch, shares in Rio Tinto (RTP) dropped 40% after BHP Billiton (BHP) dropped its offer for the company.
According to Reuters, Citigroup’s (C) assurances that it did not need capital is causing investors to wonder what problems other banks may have not disclosed.
Reuters reports that Paulson will release a plan to help consumer loans.
Reuters reports that Obama says a costly stimulus package will be needed to get the economy back on track.
Reuters reports that Blockbuster (BBI) will take on Netflix (NFLX) with a new TV set-top box.
Reuters reports that Citigroup (C) received a massive government bailout involving over $300 billion.
Reuters writes that China is seeing its growth slowing.
Reuters writes that Google (GOOG) is cutting contract workers.
Reuters reports that Buffett will report more on how Berkshire Hathaway (BRK) discloses financial losses from derivatives.
Reuters writes that HP (HPQ) profits rose on its buyout of EDS and PC sales.
The Wall Street Journal reports that Citigroup is facing pressure to cut its size by selling businesses.
The Wall Street Journal reports that construction companies could be help by Obama’s plan to stimulate improvement in infrastructure.
The Wall Street Journal reports that Starbucks (SBUX) offered a grim outlook for next year.
The Wall Street Journal reports that senior management at Wachovia (WB) got large payouts when the bank was bought by Wells Fargo (WFC).
The Wall Street Journal reports that a huge bond sale by Goldman Sachs (GS) did well.
The Wall Street Journal writes that "Cyber Monday" retail discounts are getting greater.
The Wall Street Journal reports that J&J (JNJ) planned funding to promote use of an antipsychotic drug by children before the treatment was approved for patients that young.
The Wall Street Journal reports that the bailout of Citigroup does not create a market for its assets or help its exposure to falling real estate prices.
The Wall Street Journal reports that the Gates foundation will spend less on grants because of market turmoil.
The Wall Street Journal reports that the government may provide funding to create new banks.
The Wall Street Journal reports that Barclays (BCS) holders approved plans to raise over $10 billion.
The Wall Street Journal reports that cotton prices have dropped on falling demand.
The New York Times reports that the bailout of Citigroup could cause other banks to take greater risk.
The New York Times reports that Sumner Redstone is considering selling his theater business.
The New York Times reports that the economic slump may damage development of clean energy
The New York Times reports that GM’s (GM) pension fund has stayed afloat against most odds.
The New York Times reports that the UK will launch a $30 billion stimulus package.
The FT reports that InBev will launch a huge rights offering at a huge discount after its buyout of Anheuser Busch.
The FT reports that US housing prices took a record fall.
Bloomberg reports that the Citigroup bailout adds to taxpayer risk.
Douglas A. McIntyre
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