Congress to grill Bank of America leaders on threatening to walk away from Merrill Lynch acquisition. And the GAO questions the accuracy of the stimulus jobs numbers.

Congress to grill Bank of America leaders on threatening to walk away from Merrill Lynch acquisition. And the GAO questions the accuracy of the stimulus jobs numbers.

Cable upgrade lets Telstra offer 100-Mbit/s downstream services to 1M homes in Melbourne and provides a pipe for its broadband DVR

Lions Gate had an excellent recent quarter and continues to position itself more strongly in the brittle film business.

Comcast's move to create an on demand channel in Houston for CBS' MaxPreps high school sports property is another example of how cable operators are going local to leverage content in the name of distribution. by Catharine P. Taylor

Asian stocks gain on G-20 stimulus, Axa takeover; treasuries, dollar fall.China may “soon” issue measures to limit the use of debt in real-estate purchases.Crude oil rises above $78/bbl as Hurricane Ida entered the Gulf of Mexico.Gold surged to records (hits $1,105.11/oz) on a weakening dollar.House health bill unacceptable to many in SenateIndia will pull back on its easy fiscal stance next year, sees 7+% growth next year:PMTreasuries fall as Asian stocks rose, US prepares to sell record $81B of debt this week.AES will sell $1.58 billion in stock to China's sovereign-wealth fund.AIG tapped its Treasury Dept. $4.2B in aid of restructuring.Allianz Q3 net more than doubles to €1.3B, revs at €22B vs.[More...]

BloggingStocks: Analyst upgrades: Verizon (NYSE: VZ) was upgraded to Outperform from Market Perform at Wells Fargo, which believes Verizon wireline margins troughed in Q3 and that Street estimates have been reset to more achievable levels. Texas ... Read more

BloggingStocks: It looks like Cablevision Systems Corporation (NYSE: CVC) is starting to get-it-in-gear. Hence, I'm reiterating my Buy rating for CVC, first recommended on May 29, 2009 at a price of $19.03. If you purchased CVC then, you're up about 30%. Even ... Read more

Media stocks continue to be market leaders in the latest phase of the stock market rally. The market rally is based on improved sentiment and data toward a global economic recovery.[More...]

BloggingStocks: Cablevision (NYSE: CVC - option chain) shares are rising today after a feature in Barron's indicated that the company could be an attractive takeover target now that it has decided to spin off New York City sports arena Madison Square Garden and ... Read more

Credit Crunch vs. Media Industry, Apple Gets Squeezed, Doing the P. Allen Shuffle (CKX) (CCU) (GOOG) (AAPL) (DWA) (CVC)

The Hollywood Reporter Reports - Merger Mania Hits Big Media, Will AOL Get Second Wind? and CBS Earnings (TWX) (CVC) (NWS) (CBS) (DJ)

Elizabeth Harrow takes a look back at news that drove the major market indices today.

Elizabeth Harrow takes a look back at news that drove the major market indices today.

Tribune Bids, Dolan's Nixed, Apple Surprise, and What Analysts Say (AAPL) (CVC) (TRB) (MSFT) (NWS) (TWX)