Reuters: Ken Lewis will step down as CEO of Bank of America (BAC)
Reuters: Cisco (CSCO) bought Tandbeg for $3 billion.
Reuters: The IMF raised forecasts for US GDP but warned on its growing debt.
Reuters: Turnaround experts say the collapse of CIT (CIT) would be a mess.
Reuters: New media expansion has made traditional measures of TV audiences difficult.
Reuters: Comcast (CMCSA) says it does not have plans to buy the NBCUniversal division of GE (GE).
Reuters: GM will close Saturn after a failed sale to Penske.
Reuters: A council of regulators should set up systems to monitor the economy according to Bernanke.
Reuters: Manufacturing is Asia is picking up but it is not in the US.
Reuters: Honda’s (HMC) CEO said the dollar under 90 yen is painful for the company to endure.
Reuters: Hollywood will increase its relationships with internet portals and DVD sales drop.
WSJ: The business of repackaging mortgages is growing again.
WSJ: The UK market watchdog, the FSA, will examine the notion of “too big to fail”.
WSJ: Job losses in the US are continuing to slow.
WSJ: Hershey (HSY) is unlikely to bid for Cadbury.
WSJ: The IMF says companies must sustain stimulus programs.
WSJ: Nvidia (NVDA) will produce faster chips.
WSJ: The EPA is planning tough new greenhouse gas rules.
WSJ: Investors have only agreed to put a little over $1 billion into a federal program to buy toxic assets.
WSJ: Moody’s (MCO) says a law firm reviewing its actions found no wrong-doing.
WSJ: Investors put huge amounts of money into junk bonds in the third quarter.
WSJ: JPMorgan’s impressive place in the financial sector may not hold as competitors return.
WSJ: New investments track sovereign risks.
WSJ: China will sharply cut aluminum capacity.
WSJ: Chevron (CVX) appointed a new CEO.
WSJ: Novartis (NVS) says its new MS treatment showed promising results.
WSJ: Japan’s Fair Trade Commission set sanctions for Qualcomm (QCOM).
WSJ: Oracle (ORCL) wants to keep MySQL.
WSJ: Wynn’s (WYNN) Macau IPO priced at the top of its range.
NYT: The IMF predicted a 5.1% growth rate for the world economy next year.
NYT: Edward Lifesciences (EW) and Medtronic (MDT) are racing to improve heart valve technology.
NYT: Tariffs on solar panels coming from China to the US will strain trade relations.
NYT: Hedge funds told the government that they do not pose the same risks that large banks do.
NYT: A new survey shows that South Korea and France has the fastest internet speeds.
NYT: American Express (AXP) may end monthly fees on gift cards.
NYT: Markets ended the third quarter 15% higher.
FT: GE (GE) expects Vivendi to sell its 20% stake in NBCU.
FT: JP Morgan (JPM) will press to expand its investment business overseas.
Bloomberg: US factories probably expanded last month at the fastest rate in three years.
Douglas A. McIntyre
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