The super committee makes no significant decisions on the budget deficit. (Reuters)
The largest shareholder in Olympus cuts its position. (Reuters)
Google (NASDAQ: GOOG) launches its new music service. (Reuters)
Germany and France disagree about the role of the European Central Bank in the sovereign debt crisis. (Reuters)
SABMiller expects difficulty with sales due to slow business in the U.S. and EU. (Reuters)
BHP Billiton (NYSE: BHP) lowers its forecasts. (Reuters)
Greece starts talks with private bondholders. (Reuters)
PepsiCo (NYSE: PEP) directors may split the company into separate food and soda operations. (Reuters)
The head of Aol’s (NYSE: AOL) applications group quits. (WSJ)
Europe’s banks may have trouble with capital. (WSJ)
Fitch warns that U.S. banks may be more exposed to the EU debt crisis than expected. (WSJ)
General Electric (NYSE: GE) starts a $1 billion software program to make products and services more efficient. (WSJ)
Rambus (NASDAQ: RMBS) loses a major antitrust case against Micron (NASDAQ: MU) and Hynix. (WSJ)
Fees that Newt Gingrich earned from Freddie Mac have drawn negative media attention. (WSJ)
Demands grow for the ECB to help resolve the eurozone debt crisis. (WSJ)
Sales at Sears Holdings’ (NYSE: SHLD) Kmart and Sears stores hurt by slow remodeling. (WSJ)
Abercrombie & Fitch (NYSE: ANF) hurt by its need to lower prices. (WSJ)
Delphi Automotive sets its share prices at $22. (WSJ)
AMR (NYSE: AMR) and its pilots will return to the bargaining table. (WSJ)
Germany’s public sector lenders downgraded by Moody’s. (WSJ)
China increases its Treasury holdings as some eurozone paper becomes more risky. (WSJ)
A number of alternatives to oil may be lost if the Keystone XL pipeline loses support. (NYT)
Central banks sharply increase gold holdings. (FT)
The U.S.-China Economic and Security Review Commission says yuan manipulation could undermine the dollar as the world’s currency. (FT)
AT&T (NYSE: T) may sell the Nokia (NYSE: NOK) Microsoft (NASDAQ: MSFT) Windows smartphone. (Bloomberg)
Douglas A. McIntyre
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