The Obama administration announces a new plan to help underwater mortgage holders. (Reuters)
Netflix (NASDAQ: NFLX) warns that more subscribers will cancel and shares fall 24%. (Reuters)
Nearly 35% of News Corp. (NYSE: NWS) investors vote against James Murdoch as a member of the board. (Reuters)
Zynga will have its IPO in late November. (Reuters)
Amazon.com’s (NASADQ: AMZN) results could be hurt by the expense of the Kindle Fire. (Reuters)
The Federal Reserve may work to drive interest rates down again to help the home market. (Reuters)
The drop in BP’s (NYSE: BP) production has reached a bottom. (Reuters)
A judge turns down a Sprint-Nextel (NYSE: S) request to get internal documents from AT&T (NYSE: T). (Reuters)
Regulators examine more trades at SAC, some of which go back nine years. (WSJ)
Credit cards may use personal information to target advertising. (WSJ)
UBS (NYSE: UBS) profits fall. (WSJ)
More worries arise about an EU region recession. (WSJ)
Eastman Kodak (NYSE: EK) talks with hedge funds about financing. (WSJ)
Fedex (NYSE: FDX) predicts its holiday shipment volume will be strong. (WSJ)
Walmart (NYSE: WMT) reopens 13 stores in China. (WSJ)
Research In Motion (NASDAQ: RIMM) begins to lure app developers for the BlackBerry. (WSJ)
Dow Chemical (NYSE: DOW) to put $250 million into 11 universities over the next several years to bring in top students. (WSJ)
The FAA requests that tail parts on Boeing (NYSE: BA) 757s be checked. (WSJ)
Mattel buys children’s toy company HIT Entertainment. (WSJ)
Nokia (NYSE: NOK) has to quickly make new Microsoft (NASDAQ: MSFT) Windows-powered smartphones for the holiday season. (WSJ)
Morgan Stanley (NYSE: MS) to sell its subprime mortgage service company Saxon Mortgage Services. (WSJ)
Banks have few ways to make money on huge deposit pools. (NYT)
Greek bondholders resist plans for them to take 60% write-downs on the nation’s sovereign paper as a part of a restructuring. (FT)
U.S. mortgage bonds hit a six-month low on Obama’s home refinance program plans. (FT)
EU officials want more time to create a bailout facility. (Bloomberg)
Novartis (NYSE: NVS) to cut 2,000 people. (Bloomberg)
Banks in Italy and Spain may take the largest hits in an EU rescue plan. (Bloomberg)
Douglas A. McIntyre
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