According to Reuters, China e-commerce company Alibaba will try to participate in the decision of the potential sale of Yahoo! (YHOO) to Microsoft (MSFT) Yahoo! owns 39% of Alibaba and there are some restrictions on the transfer of that stake.
Reuters writes that Qatar has bought a stake in Credit Suiss and plans to spend $15 billion in the next year to invest in banks in Europe and the US.
Reuters writes that Toshiba will probably give up on its HD DVD initiative in the next few weeks.
The Wall Street Journal writes that the USDA has recalled 143 million pounds of frozen beeft.
The Wall Street Journal writes that Ambac (ABK) is in discussios about breaking itself into two pieces to protect its muni-bond insurance operation.
The Wall Street Journal reports that Providence Equity is disappointed in a suit by Clear Channel (CCU) to force the completion of an LBO.
The New York Times writes that a large number of Apple (AAPL) iPhones are being smuggled into China.
The New York Times writes that the British government has taken over troubled mortage lender Northern Rock.
The FT writes that wheat prices have soared to a new high.
Douglas A. McIntyre