Cyber Monday sales may hit record, Amazon ahead
Online retail sales on Cyber Monday are set to reach a new record, with rivals Amazon.com Inc and Walmart.com set to be the prime beneficiaries, according to industry experts. Read Full Article here.
GE, Vivendi agree to value NBCU stake at $5.8 billion
General Electric Co and Vivendi SA have agreed in principle to a deal in which GE would buy the French company's 20-percent stake in NBC Universal for $5.8 billion, a source familiar with the matter said on Monday, paving the way for Comcast Corp's proposed joint venture with GE. Read Full Article here.
U.S. job cuts slowed in November, jobless rate seen steady
Job losses in the United States slowed sharply in November, cushioned by seasonal adjustments and a budding economic recovery that is encouraging some companies to retain workers, a Reuters survey predicts. Read Full Article here.
ICE and NYMEX: two oil titans battling to win
NYMEX introduced ASCI contracts earlier this month and said it will launch a physically-deliverable U.S. Gulf sour crude contract early in December. Around the same time, the ICE will launch cash-settled futures contracts tracking ASCI on December 7. Read Full Article here.
SEC watchdog eyes insider trading probe
The internal watchdog for the U.S. Securities and Exchange Commission is probing whether enforcement staff committed acts of negligence in conducting an insider trading investigation. Read Full Article here.
Sirius XM CEO says holiday sales on target
Holiday sales of Sirius XM Radio's satellite radio players are so far matching expectations, helped in part by an advertising blitz featuring footage of Elvis Presley and Michael Jordan. Read Full Article here.
CO2 trade pointless versus China growth-trader
Trade in permits to pollute is largely pointless when compared with the scale of growth in greenhouse gases in China and must be scaled up, one of the carbon market's most senior traders said on Monday. Read Full Article here.
GM regains full control of Opel as trust dissolves
General Motors has regained full control over Opel after paying back a 1.5 billion euro emergency loan including interest, dissolving a trust that held a 65 percent stake in the European carmaker. Read Full Article here.
Treasury sets guidance to simplify short sales
The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed short sales of homes and other loan modification alternatives to stem a rising tide of foreclosures. Read Full Article here.