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Tuesday, December 1, 2009 12:00 AM PST

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Today's Business News: Michael Jackson tops Yahoo's search charts in 2009 Worries that Dubai washing its hands of debt woes AP source: GE, Vivendi in tentative deal for NBC Online retailers rev up deals to keep up momentum Stocks turn higher to extend month's big gains FTSE slides on Dubai worries US vows Doha 'end game,' seek more from developing nations OmniVision posts second-quarter profit of $8.1M Romanian opposition says president hit boy in face Gov't increases pressure on mortgage industry November sales to shed light on holiday season start Freddie Mac to issue new 3-year reference notes Oil steadies above $77, market seeks fresh cues AIG shares fall after analyst questions reserves Treasury to meet with mortgage servicers Getting to the Bottom of Plastic Bottle Risks Stop Looking for the Next Twitter Michael Jackson tops Yahoo's search charts in 2009 Mon, 30 Nov 2009 09:13 pm PST AP - Michael Jackson's stunning death made him Yahoo's biggest star this year. Full Story Top Worries that Dubai washing its hands of debt woes Mon, 30 Nov 2009 03:01 pm PST AP - If global investors were looking for reassurances from Dubai that it would stand behind its massive, debt-swamped investment conglomerate, they got none Monday. Instead, the Gulf city-state seemed to wash its hands of the financial woes that have rattled world markets. Full Story Top AP source: GE, Vivendi in tentative deal for NBC Mon, 30 Nov 2009 07:28 pm PST AP - General Electric Co. has reached an agreement to buy the 20 percent stake in NBC Universal held by French media conglomerate Vivendi SA, The Associated Press has learned. Full Story Top Online retailers rev up deals to keep up momentum Mon, 30 Nov 2009 03:16 pm PST AP - Retail Web sites kept amping up the deals Monday, the first day after Thanksgiving weekend's strong online sales, to try to maintain the momentum. Full Story Top Stocks turn higher to extend month's big gains Mon, 30 Nov 2009 03:17 pm PST AP - The stock market ended November with its best monthly performance since the summer — even as investors worried about the strength of the holiday shopping season. Full Story Top FTSE slides on Dubai worries Mon, 30 Nov 2009 07:05 am PST AFP - The FTSE 100 reversed early gains to trade in negative territory on Monday as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai's debt crisis. Full Story Top US vows Doha 'end game,' seek more from developing nations Mon, 30 Nov 2009 11:50 am PST AFP - The United States said Monday it was prepared to move into the final stage of talks to seal a global trade deal but called on developing economies to speed up the opening of their expanding markets. Full Story Top OmniVision posts second-quarter profit of $8.1M Mon, 30 Nov 2009 03:47 pm PST AP - OmniVision Technologies Inc., which makes chips for digital cameras and webcams, said Monday it moved to a profit in its fiscal second quarter as sales rose by 12 percent. Full Story Top Romanian opposition says president hit boy in face Mon, 30 Nov 2009 12:47 pm PST AP - Romania's government has collapsed and its economy is in shambles but its presidential campaign has been dominated in recent days by a video that appears to show the president striking a 10-year-old boy in the face. Full Story Top Gov't increases pressure on mortgage industry Mon, 30 Nov 2009 02:23 pm PST AP - Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes. Full Story Top November sales to shed light on holiday season start Mon, 30 Nov 2009 09:43 pm PST Reuters - When U.S. retail chains report November sales this week, investors will learn whether they have gone far enough to protect profits against a weak start to the holiday shopping season. Full Story Top Freddie Mac to issue new 3-year reference notes Mon, 30 Nov 2009 07:45 am PST AP - Freddie Mac on Monday said it will issue a new three-year reference notes security. Full Story Top Oil steadies above $77, market seeks fresh cues Mon, 30 Nov 2009 11:48 pm PST Reuters - Oil steadied at above $77 a barrel on Tuesday, after a rebound of 1.6 percent in the previous session, as Dubai debt default fears eased and investors cast about for fresh clues to the pace of global economic recovery. Full Story Top AIG shares fall after analyst questions reserves Mon, 30 Nov 2009 09:49 am PST Reuters - Shares of AIG fell 12 percent on Monday after an analyst raised concerns about a possible deficiency in the company's non-life insurance reserves. Full Story Top Treasury to meet with mortgage servicers Mon, 30 Nov 2009 04:27 am PST Reuters - The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury's thinking said. Full Story Top Getting to the Bottom of Plastic Bottle Risks Mon, 30 Nov 2009 05:08 am PST BusinessWeek - As founder and CEO of baby goods retailer Giggle, Ali Wing does her best to ensure that the strollers, toys, and other gear she sells are as safe as possible. From the time of Giggle's launch six years ago, she avoided baby bottles containing the controversial chemical bisphenol A (BPA). But other products she sells still contain BPA and scores of other chemicals, and she doesn't know what's really safe. "We can't guarantee everything is healthy," she says. "We haven't found a way to get the answers." Full Story Top Stop Looking for the Next Twitter Fri, 27 Nov 2009 05:08 am PST BusinessWeek - If you are a pundit, or get paid to watch trends, then this message doesn't apply to you. It's your job to go out and find the next shiny object that could influence how we live and do business. Full Story Top

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