World Markets

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Verizon Wireless Mobile Search Deal Is All About Market Share, Not Profits, Analyst Argues (paidContent.org)

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There are four major wireless carriers in the U.S., and all but Verizon Wireless have a default mobile search provider. Both AT&T and T-Mobile USA use Yahoo! and Sprint Nextel uses Google .

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5

Caribbean leaders join forces to fight crisis (AP)

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Caribbean leaders said Saturday that they will push regional banks to provide more loans to builders and exporters, boosting jobs and trade to counter the world economic crisis.

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7

Obama wants econ rescue approved 'right away' (AP)

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With the economy in crisis, President-elect Barack Obama urged the new Congress to pass a quick economic stimulus bill, pledged help for the troubled auto industry and blessed the Bush administration's bailout of the financial industry.

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5

US Steel shares drop as analyst cuts estimate (AP)

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Shares of U.S. Steel Corp. slid Tuesday as a UBS Investment Research analyst slashed an estimate of the steel maker's 2009 earnings, citing an expected first-quarter loss amid mill outages.

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7

Boeing halts rotorcraft output after debris found (Reuters)

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Boeing Co shut down production at a military helicopter plant outside Philadelphia on Friday after a third incident involving foreign objects prompted the Pentagon to issue a corrective action against the company.

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5

Oil steady near $51 after falling overnight (AP)

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Oil prices were steady near $51 a barrel Wednesday in Asia as investors weighed more bad economic news from the U.S. that sparked a sell-off of crude overnight.

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2

October durable goods orders drop by 6.2 percent (AP)

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Orders to U.S. factories for big-ticket manufactured goods plunged in October by the largest amount in two years as manufacturing was battered by the overall economic weakness.

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6

Oil falls below $54 in Asia after rising overnight (AP)

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Oil prices fell below $54 a barrel Tuesday in Asia after surging overnight as investors mulled whether a U.S. government bailout of Citigroup Inc. restores enough confidence to staunch crude's 64 percent slide since July.

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7

Ahead of the Bell: Hewlett-Packard 4Q report (AP)

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Technology bellwether Hewlett-Packard Co. reports fiscal fourth-quarter earnings after the market closes Monday, and all eyes are on Mark Hurd, who has proved a master cost-cutter in three years as chief executive of HP and whose skills will be needed to help HP weather the economic downturn.

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3

Boeing shuts down production at helicopter plant (AP)

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Production at Boeing's helicopter plant in suburban Philadelphia was shut down Friday afternoon after a foreign object was found during inspection of an aircraft under production.

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