Bloomberg:
- Crude oil fell on speculation US supplies will be adequate after the government offered to make up for shortfalls caused by the shutdown of Prudhoe Bay.
- GM(GM) will reduce the cost to build new midsize car models by a third as it rolls out a system for sharing parts, vehicle designs and factories.
- Sanofi-Aventis SA and Bristol-Myers Squibb(BMY) are facing generic competition in the US for their top-selling Plavix blood-thinning pill five years earlier than planned.
Wall Street Journal:
- Sprint Nextel(S) will build a $3 billion wireless Internet network based on technology backed by Intel(INTC).
- Coca-Cola(KO), Nike(NKE) and Visa Intl. are among the 36 companies that have acquired marketing rights to China’s 2008 Olympics.
- The US health-care industry, concerned about competition, is hiring people to pose as customers to evaluate service and treatment at hospitals and doctors’ offices.
- Time Warner’s(TWX) AOL Internet unit is leaving many of its 17.7 million customers confused by not communicating clearly how and when they can switch to a new free service.
USA Today:
- US airlines will increase their seat capacity on domestic flights by almost 2% in November and 3% in December, marking the first time they have added seats since last summer.
Washington Post:
- Carlyle Group and Allen & Co. are among investors who have put $100 million into health Web sites, seeking to tap the 95 million American adults disappointed with online healthy information.
Khaleej Times:
- Ruby Tuesday(RI) plans four restaurants in Saudi Arabia after signing its second Middle East franchise agreement.
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