Bloomberg:
- Microsoft will begin selling its new Xbox 360 machine on Nov.22 in North America in time for the Christmas shopping season.
- Manufacturing growth in the Philly area slowed more than expected this month as companies scaled back in anticipation of higher costs and weaker demand after Katrina.
- MasterCard said it plans to sell as much as $2.45 billion of stock in an IPO that values the company at about $5 billion.
- US Treasuries are falling as reports showed a surge in prices paid by manufacturers.
- The euro is falling to a two-week low against the dollar as German opinion polls suggested opposition leader Angela Merkel will be forced into a coalition with Chancellor Gerhard Schroeder’s party after weekend elections.
Wall Street Journal:
- Dell will phase out its last computer based on Intel’s Itanium microprocessor, a move that shows how the chip is losing popularity.
- US airline seating occupancy rose this year according to the US Dept. of Transportation, contradicting assertions by industry executives that airlines need to reduce capacity.
- MGM Mirage would back a change in Mississippi law allowing gambling complexes to be built on land so long as they are situated near the coast.
- Blackstone Group LP may buy US health insurer UICI to enter the business of selling health plans to students, self-employed workers and entry-level employees.
- US car dealerships are cutting prices this month by as much as $2,000 in addition to the employee-pricing discounts offered by automakers.
- Delta Air Lines and Northwest Airlines bankruptcies will create longer lines, delays, and fuller flights for US travelers as the carriers cut back on stag and flights.
NY Post:
- Bed Bath & Beyond is considering an acquisition of Linens ‘n Things, which recently hired an investment bank to explore a possible sale.
Washington Post:
- President Bush plans to increase federal spending to help Hurricane Katrina victims with jobs, housing, education and health care.
AP:
- Boeing won’t be able to deliver 25-30 airplanes as scheduled this month because of the strike by its machinists union.
Handelsblatt:
- Microsoft aims to expand its computer mice and keyboard businesses.
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