Glencore’s IPO will be for about $11 billion. (Reuters)
The slide of the dollar has caused concerns about how it may hurt the stability of the credit markets. (Reuters)
Portugal set a bailout with the EU and IMF but it will require support from legislators. (Reuters)
Crude dropped on a belief that the US has continued to build supply and that China’s economy is slowing. (Reuters)
Apple (NASDAQ: AAPL) upgraded its iMac line with new processors from Intel (NASDAQ: INTC) and AMD (NYSE: AMD). (Reuters)
Sony (NYSE: SNE) hire experts to handle the aftermath of hackers breaking into its PlayStation network. (Reuters)
The plans for mobile payments systems have slowed. (Reuters)
The AT&T (NYSE: T) and T-Mobile deal will get further scrutiny from the government. (Reuters)
Alcoa (NYSE: AA) rose on rumors of a Rio Tinto (NYSE: RTP) bid. (Reuters)
The chief of NYSE Euronext (NYSE: NYX) said a deal with Nasdaq (NASDAQ: NDAQ) and ICE would kill jobs. (Reuters)
Offers for Warner Music Group (NYSE: WMG) are now in front of its board. (Reuters)
George Soros and other hedge fund managers have been selling silver and gold. (WSJ)
BMW revenue rose sharply as did earnings. (WSJ)
The sale of Areva helped Siemen’s results. (WSJ)
Gas prices helped the sales of small cars. (WSJ)
The Institute of International Finance says demand for banks loans in emerging markets has risen sharply. (WSJ)
The OECD said that income inequality in developed nations is often the results of expertise in technology. (WSJ)
BP plc (NYSE: BP) will pay a $25 million fine for an Alaska oil spill. (WSJ)
Bain & Co. said sales of luxury goods were on a sharp upswing. (WSJ)
AOL (NYSE: AOL) and Hearst now market huge ads that spread across much of an online page. (WSJ)
Pfizer (NYSE: PFE) earnings rose but revenue was off partially due to Lipitor sales. (WSJ)
Slow global GDP growth and a flight to safety has helped drive Treasury rates down. (WSJ)
A new study commissioned by the Asia Society in New York and the Woodrow Wilson Center for International Scholars in Washington says the US may not be able to invest outside its borders at a pace with China over the next few years. (NYT)
Google (NASDAQ: GOOG) is marketing use of its Chrome browser as a way to increase its search traffic. (NYT)
The UN said the world will have a population of more than 10 billion people by the end of the century. (NYT)
A key Greek official said the nation will not seek a restructuring of its loans, (Bloomberg)
Douglas A. McIntyre
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