Updated throughout the day.

Updated 3.23 PM EST:  Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC)

Updated 10.24 AM EST:  Cisco (NSADAQ:CSCO) may drop its bid for Tandberg  (Barron’s)

Venezuela may have gold reserves with a total value over $13 billion.  (CNBC)

JP Morgan (NYSE:JPM) may have had concerns about Galleon as early as 2001 (Financial Times)

Likely near-term tech acquisition targets include Sapient (NASDAQ:SAPE), Computer Sciences (NYSE:CSC), WNS (NYSE:WNS), Amdocs (NYSE:DOX), Cognizant Technology (NASDAQ:CTSH) and ExlService (NASDAQ:EXLS) (Reuters)

Time Warner (NYSE:TWX) may spin-off AOL in December  (TheStreet.com)

CIT (NYSE:CIT) is likely to file for bankruptcy in the next few days.  (Reuters)

Cargill is the largest private company in the US followed closely by Koch Industries  (Forbes)

Douglas A. McIntyre

Cost Plus (CPWM) Tough results for last quarter. Sells down to $1.50 from 52-week high of $6.22.

China Techfaith (CNTF) Company warns on sales, cut jobs. Plunges to $1.51 from 52-week high of $9.98.

Exlservice Holdings (EXLS) No big news. Slips to $11.07 from 52-week high of $28.96.

Douglas A. McIntyre