The drop in the budget deficit puts less pressure on a compromise by the White House and Congress over the federal deficit. (Reuters)
Source: courtesy of Facebook Inc.
Yahoo! Inc.’s (NASDAQ: YHOO) board approves a $1.1 billion cash deal for Tumblr. (Reuters)
Chesapeake Energy Corp. (NYSE: CHK) appoints an executive from competitor Anadarko Petroleum Corp. (NYSE: APC) to be its new CEO. (Reuters)
The European Union says that Chinese companies ZTE and Huawei have violated trade practices. (Reuters)
The Boeing Co. (NYSE: BA) 787 Dreamliner has a number of problems beyond its batteries. (WSJ)
Increases in credit availability help China’s real estate prices rise. (WSJ)
The new Microsoft Corp. (NASDAQ: MSFT) Xbox will have features to help it compete with smartphones in the game industry. (WSJ)
Storm Sandy should help the earnings of Home Depot Inc. (NYSE: HD) and Lowe’s Companies Inc. (NYSE: LOW). (WSJ)
“Star Trek into Darkness” grosses $70.8 million in North America over the weekend. (WSJ)
The Chinese military once again engineers hacks of U.S. companies. (NYT)
SAC Advisors chief Steve Cohan receives a subpoena to testify in an insider trading probe, but he may plead the Fifth Amendment. (NYT)
The European Union probably will set plans to catch tax evaders as a means to bring in money for struggling governments. (Bloomberg)
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