Former Best Buy Co. Inc. (NYSE: BBY) chairman Richard Schulze will bid for the company, but at a level less than the $8 billion expected. (Reuters)
Source: courtesy of AOL
China posts a 9.6% year-over-year improvement in industrial output in October. (Reuters)
Some Securities and Exchange Commission computers were left open to cyber attacks. (Reuters)
The International Monetary Fund presses the United States to solve its fiscal cliff problem. (Reuters)
Intel Corp. (NASDAQ: INTC) and Hewlett-Packard Co. (NYSE: HPQ) will launch a new Itanium server platform. (Reuters)
Carl Icahn says he may attempt to takeover Netflix Inc. (NASDAQ: NFLX). (Reuters)
A corporate tax cut would harm companies with “deferred tax assets” such as Ford Motor Co. (NYSE: F) and American International Group Inc. (NYSE: AIG). (WSJ)
Gilt Groupe looks for a chief executive to turn the company around. (WSJ)
China’s inflation rate slows. (WSJ)
Results for Groupon Inc.’s (NASDAQ: GRPN) most recent quarter batter its shares. (WSJ)
Priceline.com Inc. (NASDAQ: PCLN) to buy travel site Kayak Software Corp. (NASDAQ: KYAK). (WSJ)
Carl Icahn presses his stake in Take-Two Interactive Software Inc. (NASDAQ: TTWO) to more than 10%. (WSJ)
The European Union reviews China’s “dumping” of solar panels. (WSJ)
The European Central Bank calls on eurozone members to bail out Greece and says the bank will not be involved. (WSJ)
Germany’s deficit falls and its borrowing costs approach new lows. (WSJ)
The Indian government will investigate whether Wal-Mart Stores Inc. (NYSE: WMT) illegally put money into a local retailer. (WSJ)
Profit growth falls at Lenovo. (WSJ)
Airbus pushes for suppliers to consolidate to cut its cost of materials. (WSJ)
Boeing Co. (NYSE: BA) may outsell Airbus for the first time since 2006. (WSJ)
Consumer price increases in China slow. (NYT)
The Congressional Budget Office says lack of action on the fiscal cliff could cause a recession. (FT)
A decision about aid for Greece will not be made until next week. (Bloomberg)
The ECB puts its plan to buy bonds of EU nations ahead of rate cuts. (Bloomberg)
Douglas A. McIntyre
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