Updated throughout the day.

Playboy (NYSE:PLA) may outsource many of its publishing operations.  (WSJ)

Cadbury (NYSE:CBY) may counter the Kraft (NYSE:KFT) big by making an offer for Kraft’s confectionery business. (NYPost)

Palm (NASDAQ:PALM) board member Rajiv Dutta may join Elevation partners, Palm’s largest shareholder. (Bloomberg)

Freddie Mac’s (NYSE:FRE) losses may grow because of the bankruptcy of Taylor, Bean & Whitaker (NYTimes)

British Air may buy Qantas (FT)

GE (NYSE:GE) Capital’s losses may fall.  (Reuters)

Douglas A. McIntyre