Bloomberg:
- American Express CEO Chenault said fourth-quarter earnings won’t be as high as some analysts estimate.
- Tyco International CEO Breen said the conglomerate’s board is considering splitting up the company, unraveling the acquisition strategy of his predecessor, Dennis Kozlowski.
- The US Senate Banking Committee approved Ben Bernanke’s nomination as Federal Reserve chairman and sent it to the full Senate, clearing the way for his confirmation before Alan Greenspan retires Jan. 31.
- US Treasuries are rising, pushing the yield on the 10-year note to the lowest this month, after a government report showed consumer prices increased in October at the slowest pace since June.
Wall Street Journal:
- Some Nasdaq stocks will soon be listed with one-, two- or three-letter symbols compared with the current four.
- The US’s largest broadcasters will appear at a news conference in NY today in an attempt to persuade advertisers that digital video recorders, which allow viewers to skip commercial breaks, may not be the threat many think they are.
- Web sites, such as Yahoo!, are increasingly barring new customers from their most popular pages and raising advertising rates.
- US school vouchers that allow use of public money to pay for private education are gaining support in Louisiana after parochial schools began accepting students while public schools stay closed.
- Rising prices of copper, iron ore and other basic commodities have meant two lucrative years for mining companies, but as they open new mines to meet demand, they’re facing cost pressures.
- The UN war crimes tribunal today acquitted the former chief of staff of the Muslim-led Bosnian army over his alleged involvement in the killings of dozens of Bosnian Croat civilians in 1993.
NY Times:
- The NFL is looking for a partner to create an all-sports network that would show regular-season games and help increase viewers for the NFL Network.
- Some US celebrities might be putting themselves in legal jeopardy by signing endorsement deals with online casinos.
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