The New York Times Company (NYSE: NYT) is reportedly talking to potential buyers for its stake in the Boston Red Sox, according to Reuters.
Groupon Inc. is rumored to be fighting for a higher price from Google after it acquired uBuyiBuy, Beeconomic and Atlaspost to expand in Asia. Speaking of Google, they are also reportedly about to launch an e-book store to compete with Amazon.com Inc. (NASDAQ: AMZN).
Wellstream has entered into talks with General Electric Co. (NYSE: GE) and National Oilwell Varco (NYSE: NOV) over a potential $1.2 billion. This is an interesting move considering that Wellstream shares fell in early October after GE confirmed that the oil services group had rejected a 750p-a-share approach.
Microsoft Corporation (NASDAQ: MSFT) may have another Halo franchise coming, from a different team (various).
Apple Inc. (NASDAQ: AAPL) is rumored to have selected Largan Precision as the sole supplier of lens modules for the upcoming iPad2.
Nortel Networks Corporation (OTCBB: NRTLQ) may finally be allowed to die. The company is in an asset sale of its Guangdong Nortel Telecommunication Equipment venture to LM Ericsson Telephone Co. (NASDAQ: ERIC) for $50 million. This is the LAST of the real Nortel units, so Nortel can officially end as No-Tel.
Portuguese banks are aiding and abetting the flames of a wild fire with a carry trade as they are borrowing billions of euros from the ECB at 1% and buying Portuguese sovereign debt at much higher yields.
JON C. OGG
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