Reuters: Wall St. was disappointed by Yahoo!’s (NASDAQ: YHOO) revenue forecast.
Reuters: French police unblocked the fuel deposites held by strikers against auterity.
Reuters: The CEO of Research In Motion (NASDAQ: RIMM) refuted comments made by Steve Jobs about the weakness of the Blackberry maker.
Reuters: Microsoft (NASDAQ: MSFT) launched a cloud version of Office.
Reuters: BHP Billiton’s (NYSE: BHP) bid for Potash (NYSE: POT) will face political pressure from the province where the Canadian firm is based.
Reuters: Sanofi-Aventis will have to raise its bid for Genzyme (NASDAQ: GENZ) to close a deal.
Reuters: GE (NYSE: GE) and United Technologies (NYSE: UTX) may bid for a BEA unit.
WSJ: The BP (NYSE: BP) escrow fund may have trouble processing claims in a orderly way.
WSJ: A US probe about mortgage foreclosures found that some large banks made many more mistakes than others.
WSJ: An increase in China interest rates caused sell-offs in commodities on concerns that the nation’s economy has slowed.
WSJ: The earnings success of industrial suppliers will be hurt by an increase in the cost of their goods.
WSJ: Bank of America (NYSE: BAC) has resisted the repurchase of bad loans that it syndicated and sold.
WSJ: The head of the FCC criicized Fox and Cablevision (NYSE: CVC) for their failure to come to terms on a deal to get Fox back on the air.
WSJ: Many retailers face the problem that their websites do not work on Apple iPhones as the holiday sales perdiod approaches.
WSJ: Verizon Wireless will offer a cheap data plan to bring in new customers.
WSJ: The American Council of Education said graduation rates have slowed.
WSJ: Private security firms will sign a code of conduct in the face of criticism about their practices.
WSJ: The EU will make debt sanction plans against member nations which do not meet deficit plans less burdensome.
WSJ: China will cut rare earth shipments to the US.
WSJ: The US will support the installation of chargers for electric cars in a number of locations which will include stores and gas stations.
WSJ: Porsche’s merger with VW has been delayed.
WSJ: The US delayed the approval of a major diabetes drug to be marketed by Eli Lilly (NYSE: ELY)
WSJ: Intel (NASAQ: INTC) will invest $6 billion in US-based plants
WSJ: A great deal is at risk for Nokia (NYSE: NOK) as its new CEO addresses investors for the first time.
WSJ: Warren Buffett increased his share in Munich Re.
WSJ: The FDIC will bundle and sell property loans which have been hard to value.
WSJ: The pink sheet company that covers public companies that do not trade on major exchanges will try to change its image.
WSJ: The US will sell more shares of Citigroup (NYSE: C)
FT: Hedge funds had their largest increase in assets in three years.
Bloomberg: The head of the Bank of England said G20 nations need a deal on currencies to avoid a period of protectionism.
Bloomberg: Hedge funds have begun to consider distressed assets in China and Japan.
Bloomberg: The return on the TARP was higher than the return on 30 year Treasuries.
Bloomberg: Apple will announce a new line of Mac computers.
Douglas A. McIntrye
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