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	10/28/2011
Hello EMI, once the glamorous monarch of the British music industry, is about to be sold by Citigroup. Reuters lays out EMI's future and who is likely to walk away with the company's recorded music and song catalog. Despite all the rumored interest in Yahoo, progress on a deal has hit a brick wall mainly due to the company's lack of strategy and restrictive confidentiality agreement, people familiar with the situation said. "Yahoo has been exploring a potentially tax-free way to dispose of its roughly 40% stake in the Chinese e-commerce company Alibaba, according to people familiar with the matter," reports WSJ. Hewlett-Packard ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost billions of dollars in expenses and lost business. "HP has been a comedy of errors, and selling a third of their revenue right now is probably not sound," analyst Brian Marshall told Bloomberg. Is Groupon a buy at a $10 billion market cap? Felix Salmon finds justification for the price, "if the business goes according to plan." LATEST NEWS Sweden's Saab heads for Chinese owners after rescue offer STOCKHOLM (Reuters) - Struggling Saab is set to follow in fellow Swedish car maker Volvo's footsteps, heading for Chinese ownership under a planned 100 million euro ($141.4 million) purchase by Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co. | Full Article Fiat share plan seen easing route to Chrysler merger October 28, 2011 07:43 AM ET MILAN (Reuters) - A plan by Fiat Spa to convert preference and savings shares into ordinary shares will reduce the cost of equity and remove a potential hurdle to a merger with Chrysler, which is now majority owned by the Italian carmaker. | Full Article EDF, Italian investors hammer out Edison deal: sources October 28, 2011 06:41 AM ET PARIS/MILAN (Reuters) - French electricity giant EDF and a group of Italian investors have taken a big step forward toward reaching a deal over control of utility group Edison after months of fruitless negotiations, three sources told Reuters on Friday. | Full Article HP ditches costly PC unit spin-off October 27, 2011 07:48 PM ET SAN FRANCISCO (Reuters) - Hewlett-Packard Co ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost billions of dollars in expenses and lost business. | Full Article CEO Abbott brings London Metal Exchange to brink of sale October 28, 2011 08:39 AM ET LONDON (Reuters) - Martin Abbott's appointment five years ago as chief executive at the London Metal Exchange (LME) raised a few eyebrows. | Full Article TOP NEWS Euro fund head: no quick China deal; Italy costs up October 28, 2011 10:33 AM ET BEIJING (Reuters) - The head of Europe's bailout fund sought financial support from China on Friday to help resolve the bloc's debt crisis, saying that while no quick deal was in sight he was still confident Beijing would keep buying bonds issued by his fund. | Full Article Consumer spending up in September on savings October 28, 2011 10:02 AM ET WASHINGTON (Reuters) - Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the durability of the economy's third-quarter growth spurt. | Full Article Wall Street edges down after strong rally October 28, 2011 10:29 AM ET NEW YORK (Reuters) - Stocks edged lower on Friday as investors took a breather from a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August. | Full Article More companies shed light on political spending October 28, 2011 07:12 AM ET WASHINGTON (Reuters) - More American companies are bending to shareholder pressure to reveal their spending to sway political campaigns despite court decisions allowing unfettered corporate cash in elections, according to a study released on Friday. | Full Article Chevron profit jumps, tops Wall Street forecast October 28, 2011 10:01 AM ET (Reuters) - Chevron Corp said its quarterly earnings more than doubled, beating Wall Street forecasts, as the second-largest U.S. oil company benefited from high oil prices and strong refinery margins. | Full Article TECHNOLOGY NEWS Olympus risks lawsuits unless probe truly independent: TSE Samsung surges past Apple in smartphones, upbeat on Q4 Acer sees Q4 sales dip, lifts prices on Thai floods Amazon in talks with China to bring in Kindle: media RIM sets up facility in India to help with surveillance: report RELATED VIDEO Should married men weigh in on pay inequality? 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