Reuters: China celebrated 60 years of communist rule as a capitalist economy.
Reuters: The IMF cut global debt write-offs to $3.4 trillion.
Reuters: CIT (CIT) is close to a deal to give the company to bondholders.
Reuters: Toyota (TM) plans a huge US recall because of defective floor mats.
Reuters: The FDIC want banks to prepay to help it increase its fund.
Reuters: Boston Scientific (BSX) will pay J&J (JNJ) $715 million to settle a tax dispute.
Reuters: Hartford Financial named a former B of A (BAC) executive as CEO.
Reuters: Wal-Mart (WMT) will increase its $10 holiday toy program.
Reuters: A Fed governor said the agency’s policy would have to stay aggressive.
WSJ: The IMF said bank write-downs would rise $1.5 trillion between now and the end of 2010
WSJ: HP (HPQ) will merge its PC and printer divisions.
WSJ: GM and eBay (EBAY) ended their online sales effort.
WSJ: Dan Rather’s suit against CBS (CBS) was dismissed.
WSJ: A former Moody’s (MCO) executive will testify about the firm’s rating practices.
WSJ: Applied Materials (AMT) sees solar growth in China.
WSJ: Web access to the three million plus homes without the Internet could cost $20 billion.
WSJ: China would like Citigroup (C) to expand operations there.
WSJ: The price of sugar is near a 28-year high.
WSJ: A new set of ETFs will be run by stock-pickers.
WSJ: FDA actions could slow the clearance of a number of important medical devices.
WSJ: Cost cutting helped Nike (NKE) earnings.
WSJ: Web ad sales in the UK passed TV.
NYT: Some types of alternative energy could require the use of billions of gallons of water a year.
NYT: Falling pick-up sales are hurting American auto makers.
NYT: Americans do not like the fact that advertiser track them online.
NYT: Warner Music (WMG) videos will go back onto Google’s (GOOG) YouTube.
NYT: The SEC inspector general said that inspectors need to be better trained to check tips.
NYT: Ontario sued tobacco companies seeking billions in damages.
FT: The IMF warned of further investment risks.
FT: New data helped hopes that US housing prices are becoming more stable.
FT: Confidence is surging among US CFOs.
FT: China is moving to cap industrial capacity.
FT: The Wynn (WYNN) Hong Kong IPO priced at the top of its range.
Bloomberg: Pimco said the new savings rate and lower spending by consumer will bring down investment returns to 5%.
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks