According to Reuters, Societe Generale will raise almost $8 billion at a large discount to its current stock price.

Reuters writes that Hugo Chavez has threatened to seize foreign milk plants in Venezuela.

According to the Times Yahoo! (YHOO) has revived merger talks with Time Warner (TWX) unit AOL.

The Wall Street Journal reports that Motorla (MOT) and Nortel (NT) are in talks about a joint venture to merge their telecom equipment businesses.

The Wall Street Journal writes that Hugo Chavez of Venezuela has threated to cut off oil to the US because Exxon (XOM) is trying to seize some of the countries assets in exchange for its assets which were nationalized.

The Wall Street Journal writes that Time Warner (TWX) is trying to cut the autonomy of New Line.

The Wall Street Journal writes that drops in the value of LBO debt and securities backed by student loans and munis threaten to cause more big problems in the financial sector.

The New York Times writes that the auction of Getty Images does not appear to be working.

The FT writes that Microsoft (MSFT) will take its bid to Yahoo! shareholders.

Bloomberg writes that Delta (DAL) and Northwest (NWA) are closer to a merger.

Douglas A. McIntre

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