According to Reuters, China CITIC Bank is bidding to buy a stake in Bear Stearns (BSC)
Reuters reports that the National Retail Federation’s survey of its members shows retail sales are expected to grow under 4% this holiday season.
The Wall Street Journal writes that earnings at big oil producers should drop because the increased price of crude will not offset falling refinery margins.
The Wall Street Journal says that GM (GM) outlined billions of dollars of savings from its UAW deal.
The Wall Street Journal writes that Genentech (DNA) earnings rose 21%.
The Wall Street Journal writes that orders of Intel (INTC) chips are growing faster than PC sales, an indications that customers may have over-ordered.
The Wall Street Journal writes that Motorola (MOT) will buy half of a mobile software business owned by Sony Ericsson in a possible challenge to Nokia (NOK)
The New York Times writes that Google (GOOG) has launched video piracy software for YouTube.
The New York Times reports that oil prices rose above $86 a barrel.
The FT writes that shares of Ericsson dropped sharply on a profit warning.
Barron’s writes that NetFlix (NFLX) and Blockbuster (BBI) should be helped by the demise of Movie Gallery (MOVI).
Douglas A. McIntyre
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