Alibaba hires a Washington lobbying firm in case it decides to bid for all of Yahoo! (NASDAQ: YHOO). (Reuters)
Italian yields may fall because of European Central Bank injections of long-term funds into the market. (Reuters)
Retail sales remain strong at the end of the holiday season. (Reuters)
Verizon Wireless has more problems with its 4G network. (Reuters)
China has given $1 billion in quotas for outside institutions to invest since October, as a way to keep money flowing into the country. (Reuters)
S&P puts Sears Holdings (NASDAQ: SHLD) on credit watch. (Reuters)
U.S. prosecutors are preparing criminal charges against BP (NYSE: BP) for actions related to the Gulf spill in 2010. (WSJ)
Hedge funds start to buy mortgage-related bonds on the gamble that housing will rebound. (WSJ)
The S&P 500 is down for 2011. (WSJ)
Chesapeake Energy (NYSE: CHK) will sell $865 million in pipelines. (WSJ)
Reliance, the large India telecom, may sell some of its tower business to Carlyle or Blackstone (NYSE: BX). (WSJ)
Prices of silver and gold fall sharply. (WSJ)
Nike’s (NYSE: NKE) Jordan line of shoes draws massive crowds. (WSJ)
The National Federation of Independent Business says small businesses will begin to expand again. (WSJ)
European banks begin to worry about collateral. (WSJ)
European banks and governments must prepare to refinance large sums next year. (WSJ)
Many experts expect oil prices to stay above $100 next year. (NYT)
India accelerates its plans to rely more on solar power. (NYT)
Morgan Stanley (NYSE: MS) to cut 580 jobs in New York City. (NYT)
China was a bigger market for IPOs this year than the U.S. was. (FT)
The Federal Reserve looks for ways to make the repo market less risky. (FT)
In a move to challenge Facebook, Google (NASDAQ: GOOG) advertises to bring new members to its social network. (FT)
Peugeot sales fall in Europe along with a sharp drop in volume at Fiat. (Bloomberg)
The euro drops to a 10-year low against the yen. (Bloomberg)
Douglas A. McIntyre
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