U.S.
U.S. Stocks, Commodities Slide as Bonds, Dollar Gain on Dubai Debt Crisis U.S. and emerging-market stocks
slumped and commodities dropped as Dubai’s attempt to delay debt
repayments unnerved investors. Treasuries and the dollar rose
while credit-default swaps surged.
Black Friday Shoppers Crowd Best Buy, Target in Pursuit of `Elusive' Gifts Shoppers took advantage of Black
Friday discounts to snap up televisions, laptop computers and
robot hamsters at Best Buy Co., Target Corp. and Toys “R” Us
Inc. stores from New Jersey to Texas.
Fed, Treasury Examiners Faulted in Watchdog Reports on U.S. Bank Failures Treasury Department and Federal
Reserve examiners should have done more to halt risky lending at
U.S. banks that failed amid real-estate losses, reports by
agency watchdogs show.
Beijing Auto, Merbanco, Renco Said to Make Approaches About GM's Saab Unit Beijing Automotive Industry Holding
Co., Merbanco Inc. and Renco Group Inc. have made approaches
about General Motors Co.’s Saab unit after a sale to Koenigsegg
Group collapsed, two people familiar with the situation said.
GM's Saab Asks Sweden to Relax Terms of Rescue Funding, Union Leader Says Saab Automobile, offered for sale by
General Motors Co., asked Sweden’s government to relax the rules
of state rescue loans and provide funding, a union chief said.
Bank of America Shouldn't Put Off Lewis's Departure, Investor Finger Says Bank of America Corp., the biggest
U.S. bank by assets, shouldn’t delay the departure of Chief
Executive Officer Kenneth D. Lewis and should continue looking
outside for a replacement, said investor Jonathan Finger.
Cisco, Clearwire Lead Company Bond Sales in Busiest November Since 2006 Cisco Systems Inc. and U.S. wireless
carrier Clearwire Corp. led $96.9 billion of bond sales this
month, the busiest November since 2006, as companies took
advantage of near-zero interest rates.
Build America Issuers Pay Banks $100 Million More Than For Tax-Exempt Debt States and municipalities paid an
average 37 percent more to investment banks for underwriting
Build America Bonds than for handling tax-exempt sales since
offerings of the subsidized taxable debt began in April.
Picower Widow Says Madoff Trustee Is Going Too Far in Seeking $7.2 Billion The wife of Jeffry Picower, the
longtime Bernard Madoff investor who drowned in his pool last
month, told a judge that the trustee for Madoff’s firm is
“overreaching” in his $7.2 billion lawsuit against the couple.
Siemens Hearing-Aid Unit Said to Attract Interest From KKR, BC Partners Siemens AG’s hearing aid business,
valued at as much as 3 billion euros ($4.5 billion), is drawing
interest from private-equity firms including KKR & Co. L.P. and
BC Partners Ltd., two people familiar with the matter said.
Secret Service Investigating How Couple Crashed White House State Dinner The Secret Service is reviewing
whether criminal charges may be warranted for a Washington-
area couple who got past security to crash a state dinner at the
White House, a spokesman for the agency said.
Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set
numerical targets for their greenhouse-gas emissions through
2020 may reignite stalled progress for a global climate
agreement at negotiations next month in Copenhagen.
Tiger Woods Is Injured in Car Crash Outside His Home Near Orlando, Florida Tiger Woods is in good condition
after being injured in a car accident early today in front of
his Florida home that left the world’s No. 1-ranked golfer with
cuts on his face.
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