Crisis shows need to right imbalances: Bernanke
The financial crisis has spotlighted the importance of dealing with global imbalances in trade and capital flows, Federal Reserve Chairman Ben Bernanke said on Sunday at a Fed conference on Asia. Read Full Article here.
CME in informal talks to take over CBOE: report
CME Group Inc , the world's largest derivatives exchange, is in talks to take over the Chicago Board Options Exchange in a deal that would value the largest U.S. options market at up to $5 billion, according to Crain's Chicago Business. Read Full Article here.
Google goes global with Apps
Google Inc said more than 2 million businesses now use its online office software, and the Web search leader is going global on Monday with an advertising campaign to lure customers away from Microsoft Corp and IBM products. Read Full Article here.
Verizon offers discounts to compete with cable
Verizon Communications is advertising new discounts on Monday for customers who sign up for four of its telecommunications services, as it looks to recoup market share from cable rivals in the holiday shopping season. Read Full Article here.
Fake security software in millions of computers: Symantec
Tens of millions of U.S. computers are loaded with scam security software that their owners may have paid for but which only makes the machines more vulnerable, according to a new Symantec report on cybercrime. Read Full Article here.
JAL's banks reject restructure plan, shares rebound
Creditors of Japan Airlines Corp <9205.T> have rejected the struggling carrier's restructuring plan and are pushing for a cut in debt waivers and details of the use of state funds, a source familiar with the matter said. Read Full Article here.
UK to tighten mortgage rules, ban liar loans
Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called liar loans blamed for helping to fuel bad debt problems at the heart of the credit crunch. Read Full Article here.
Blackstone's new fund faces cash shortfall: report
Blackstone Group is finding it difficult to raise money for a new leveraged buyout fund, the New York Post said, citing people familiar with the matter. Read Full Article here.