Deals Today

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	11/15/2011
Hello On paper, Groupon appears to be a juicy target for short sellers: it loses money, it has changed its accounting twice, and its unproven business model faces competition from Google and Amazon. But the shorts may have to wait as betting against the daily deals website is just too expensive right now. Bank of America's sale of most of its shares in China Construction Bank earned the U.S. lender a tidy profit, but also underlined that BofA, like other foreign financial groups, found scant strategic gain in the Chinese stake it built. Japanese regulators appear to be trying to regain the trust of investors unnerved by a scandal engulfing Olympus, with a formula that would punish the executives responsible harshly but let the once-proud firm stay listed on the stock market. "The Securities and Exchange Commission usually doesn't let investors keep many secrets. Except if you're a major player like Warren Buffett," reports the NYT's DealBook. For your morning distraction, the NYT has a great video on Ponzi schemes. LATEST NEWS Huawei buys Symantec stake in JV for $530 million HONG KONG/NEW YORK (Reuters) - Huawei Technologies, the world's No.2 telecoms equipment maker, plans to buy the remaining 49 percent stake in a joint venture with Symantec Corp that it does not already own for $530 million to bolster its corporate security solutions business. | Full Article PCCW says yield on trust drawing investors to IPO November 15, 2011 07:51 AM ET HONG KONG (Reuters) - Hong Kong's PCCW Ltd expects attractive yields on its business trust to draw investors to the planned up to $1.4 billion IPO of telecom business, a top company executive said on Tuesday. | Full Article Who's afraid of big tech? Not Buffett, who buys IBM stake November 15, 2011 12:56 AM ET (Reuters) - Warren Buffett has always made his distaste for technology investments clear, but on Monday he changed his ways in spectacular fashion. | Full Article Nisshin Steel, Nippon Metal aim to merge by Oct 2012 November 15, 2011 08:00 AM ET TOKYO (Reuters) - Nisshin Steel Co and Nippon Metal Industry Co said on Tuesday they aim to merge by October next year, forming Japan's second-largest stainless steel maker with a combined market capitalization of 121 billion yen ($1.57 billion) at current share prices. | Full Article Neuberger Berman raises $720 million fund of PE funds November 15, 2011 07:45 AM ET HONG KONG (Reuters) - International fund management company Neuberger Berman Group said on Tuesday it has raised about $720 million for a global fund for investment in private equity funds. | Full Article TOP NEWS New York police evict anti-Wall Street protesters November 15, 2011 10:24 AM ET NEW YORK (Reuters) - New York police evicted Occupy Wall Street protesters from a park in the city's financial district early on Tuesday, two months after they set up camp and sparked a national movement against economic inequality. | Full Article France draws fire after "alarm bells" warning November 15, 2011 10:47 AM ET PARIS/ROME (Reuters) - France came under heavy fire on global markets on Tuesday reflecting fears that the euro zone's second biggest economy is being sucked into a spiraling debt crisis after a warning that Paris's failure to adapt should be "ringing alarm bells". | Full Article Wal-Mart profit below forecasts despite better sales November 15, 2011 09:44 AM ET (Reuters) - Wal-Mart Stores Inc's decision to absorb most of the rising food costs for its stressed U.S. shoppers and spend on its e-commerce business weighed on profitability, even as key U.S. sales rose for the first time in more than two years. | Full Article Obama to vow bigger Asia footprint on Pacific tour November 15, 2011 09:10 AM ET HONOLULU (Reuters) - President Barack Obama will unveil plans to deepen America's military presence in the Asia-Pacific region during a trip starting on Wednesday to Australia, where he aims to bolster ties with a staunch U.S. ally. | Full Article Retail sales rise broadly, wholesale prices fall November 15, 2011 10:28 AM ET WASHINGTON (Reuters) - Retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigor. | Full Article TECHNOLOGY NEWS Amazon ships Fire early as competition heats up Exclusive: Olympus accounting tricks queried back in 1990s Cellphone market growth dives in third quarter: Gartner Hackers eye Canada business: study UK Blackberry users pass 8 million mark RELATED VIDEO Inside the News: Investors see key crisis solutions unlikely Australia mulls uranium sales to India Fixing banks, labour market key reforms for Spain: academic A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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