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Toyota to cut North America production further: WSJ
SAN FRANCISCO (MarketWatch) -- Toyota Motor Co. plans further production cuts across the board at its North American plants because of poor sales and high inventory at factories, The Wall Street Journal reported late Friday on its Web site. The cuts are in addition to those announced in November. 'This affects production at each plant we have in North America,' a Toyota spokesman told the Journal. 'Suffice to say, inventory is too high in general.'Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com

Weekend Edition: Goldman, Morgan Stanley strategies may diverge
Goldman Sachs and Morgan Stanley mark the end of an era this month when they post their first earnings since becoming commercial banks, and investors resigned to the dismal results on tap are restless for any indications about the companies' plan to grow with the less risky business model.
Market Watch

First Midwest Bancorp, Inc.: First Midwest Bancorp, Inc. Participates in Treasury`s Capital Purchase and FDIC Insurance Programs
ITASCA, IL (MARKET WIRE) First Midwest Bancorp, Inc. (the 'Company' or 'First Midwest') (NASDAQ: FMBI), the parent of First Midwest Bank, today announced the sale of $193 million in preferred shares to the U.S. Treasury as a part of the government's Capital Purchase Program ('CPP') under the Emergency Economic Stabilization Act of 2008. The Treasury's investment in First Midwest is part of the government's program to infuse capital into the nation's healthy financial institutions.
Marketwire.com

Chairman: Cubs to be sold by spring training
The chairman of the Chicago Cubs said Friday he expects the baseball franchise to be sold by spring training. Chairman Crane Kenney told the Chicago Tribune for a story on its Web site that the Cubs are going over the bids they've received and expect the sale...
San Francisco Chronicle

Ferrovial starts clock in race for Gatwick
Spain's Ferrovial has started a race against time to complete the sale of London Gatwick airport, calling for indicative bids by January 19
FT.com

UPDATE 1-Reliant Energy terminates $300 mln debt facility
SAN FRANCISCO, Dec 5 (Reuters) - Reliant Energy Inc said on Friday it had terminated a $300 million working capitalfacility with Merrill Lynch as it shapes up its balance sheetand looks at a possible sale of assets or the entire company.
Reuters

Lufthansa flies closer to takeover of Austrian
Lufthansa took a first step towards the takeover of Austrian Airlinesas Austria's state holding company approved the sale of its 41.6% stake in the airline to the German carrier
FT.com

Prisa plays down sale setback for pay-TV
The Spanish media group said talks were continuing with Vivendi and Telefónica for the sale of Digital Plus, its satellite pay-TV business, though the parties cannot agree on a price
FT.com

Cough syrup OTC sale under lens
There is a popular misconception that certain prescription drugs - such as Corex cough syrup, or Phensedyl, among others - are over-the-counter (OTC) products.
The Times Of India

Imax has big plans for Asia
Business News: Company setting tough standards for cinemas -- Like the theatrical experience it offers elsewhere, Imax's expansion plans in Asia are large scale. The Ontario-based company has spent the last 18 months inking deals in a majority of Asian territories, but rather than the previous modus operandi of licensing cinemas to whoever wanted one, the new strategy in Asia is slightly more discerning.
Telegraph

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