Obama to announce aid for student and home loans. Home loan proposals will include refinancing for underwater mortgages. (Reuters)
EU leaders press Italy for more austerity measures. (Reuters)
China’s October PMI is moderately higher. (Reuters)
Barron’s expects Apple’s (NASDAQ: AAPL) stock to rise up to 25% in the next year. (Reuters)
Investors want News Corp. (NYSE: NWS) to sell its newspapers and double the size of its share buybacks. (The Telegraph)
U.S. companies that have already cut costs to the bone are prepared to do so again. (WSJ)
A deal between the UAW and Chrysler is close. (WSJ)
Japan had a trade surplus last month. (WSJ)
Tension between Eastman Kodak (NYSE: EK) and its creditors rises as the company’s cash balance continues to fall. (WSJ)
Sprint-Nextel (NYSE: S) will try to get a federal judge to sue AT&T (NYSE: T) over its proposed buyout of T-Mobile. (WSJ)
Google (NASDAQ: GOOG) will create a music download store linked to social network Google+. (WSJ)
Ratings at NBC, now a unit of Comcast (NASDAQ: CMCSA), are in trouble. (WSJ)
Both Google and Microsoft (NASDAQ: MSFT) show interest in participating with groups that might buy Yahoo! (NASDAQ: YHOO). (WSJ)
Booz & Co. reports that companies that spend a lot of money on R&D often are not considered innovative. (WSJ)
A new study shows more workers lose jobs to machines. (NYT)
Nokia (NYSE: NOK) to launch new smartphones as skeptics watch sales. (NYT)
Problems in Europe will cause banks to have to raise 108 billion euros, up from recent estimates of 80 billion. (FT)
The U.S. Treasury may issue floating rate securities. (FT)
Volkswagen may become the largest car company in the world this year based on sales. (FT)
The EU will not count on the ECB to help fund bailout initiative. (Bloomberg)
UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) to increase cuts as they face more losses from EU problems. (Bloomberg)
The National Association for Business Economics says planned jobs cuts are at the worst level since 2010. (Bloomberg)
Douglas A. McIntyre
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