Mitsui was billed $1.8 billion from BP plc (NYSE: BP) for clean-up costs. (Reuters)
A limited number of holidays and warm weather probably hurt retail sales in October. (Reuters)
Canada may approve the BHP Billiton (NYSE:BHP) buyout of Potash (NYSE: POT) with substantial restrictions. (Reuters)
Strategic Analytics report that Apple Inc (NASDAQ: AAPL) has 95% of the tablet market.
Creditors sued Sam Zell and banks over the Tribune bankruptcy. (Reuters)
AIG (NYSE: AIG) will get $22 billion in TARP funds to help it pay off Federal Reserve obligations. (Reuters)
BP plc reported a third quarter profit of $1.8 billion. (WSJ)
The GM IPO will allow the federal government to drop its ownership to as little as 30%, but the payout will probably not get taxpayers their money back. (WSJ)
The Reserve Bank of Australia tightened policy to prevent inflation. (WSJ)
Google Inc (NASDAQ: GOOG) sued the Department of the Interior and said it favored Microsoft (NASDAQ: MSFT) when it set-up it new e-mail system.
The SEC is reviewing a $1.1 billion mortgage bond deal set up by Morgan Stanley. (NYSE: MS)
The Federal Reserve will begin a round of bond purchases. (WSJ)
The Treasury Department said it would make a profit on loans and investments in AIG. (WSJ)
US manufacturing improved last month (WSJ)
China’s Cnooc and state-owned Ghana National Petroleum made a failed joint $5 billion bid to buy Kosmos Energy’s assets in the African nation. (WSJ)
McKesson will buy US Oncology for $2.2 billion. (WSJ)
Car sales in Japan dropped sharply. (WSJ)
Republican candidates question the value of wind power (WSJ)
Sony (NYSE: SNE) will substantially tight inventory. (WSJ)
Corning says LCD prices will drop over 20%. (WSJ)
Ambac says it may file for Chapter 11. (WSJ)
OPEC said that the global economy could support $90 oil. (WSJ)
The CFTC appointed a former prosecutor as its head of enforcement. (WSJ)
The Justice Department’s view that genes should not be granted patents may change the industry. (NYT)
Lockheed Martin’s F-35 may cost more than expected. (NYT)
Nokia (NYSE: NOK) has begun to focus on third world economies. (NYT)
GM’s shares will be priced at $26 to $29 and its IPO could raise over $10 billion. (FT)
AIG (NYSE: AIG) got more than $37 billion for its sale of Alico and its AIA IPO. (FT)
BP’s profits dropped on further Gulf charges. (Bloomberg)
US car sales could reach their fastest sales growth in 14 months based on October results. (Bloomberg)
Mortgage modification programs can push homeowners into foreclosure. (Bloomberg)
Douglas A. McIntyre
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