Dubai World Seeks Debt Standstill

Debt-laden Dubai said it would restructure Dubai World, a conglomerate spanning real-estate and ports, and announced a six-month standstill on the company's debt.

Dow Gains 31 as Dollar Drops

Major stock indexes rose as investors turned their attention to the post-Thanksgiving shopping season. The dollar swooned.

New-Home Sales Climbed in October

New-home sales unexpectedly climbed 6.2% in October despite bad weather and uncertainty over a tax credit. The median price for a new home fell slightly.

Toyota to Fix Pedal on Cars

The auto maker said would fix the gas pedal on four million vehicles it recalled in September over sudden acceleration issues related to floor mats causing the pedal to get stuck.

Spending, Job Data Signal Upturn

Consumer spending and incomes rose in October, while initial jobless claims fell under 500,000 last week. Durable-goods orders and a capital spending gauge were lower, signaling recovery will be sluggish.

Fed Alters Policy on Directors

The Fed unveiled new restrictions on directors of its regional banks, responding to a controversy that spurred the resignation of a Goldman Sachs director as chairman of the NY Fed's board.

GM to Keep All German Opel Plants

General Motors said it will keep all four German Opel plants open, but that the future of an Opel plant in Antwerp, Belgium is "uncertain" as the company moves to restructure its European operation.

Rajaratnam's Brother Drew Scrutiny

Before authorities began wiretapping hedge-fund manager Raj Rajaratnam, they were already interviewing him about another topic of interest: a hedge fund run by his brother.

AIG CEO Signs Noncompete Deal

Robert Benmosche, chief executive of AIG, reiterated to the company's board his commitment to the government-controlled insurer and signed a noncompete agreement

GE Seeks to Speed Talks With Vivendi

GE Chief Executive Jeffrey Emmelt is in Paris working to accelerate negotiations to acquire Vivendi's minority stake in NBC Universal, according to people familiar with the matter.

Tiffany Regains Some Sparkle

Tiffany's third-quarter earnings fell 1% as lower costs nearly offset sales declines. The upscale jeweler boosted its view for the year.

Hershey Trust Seeks State Blessing to Bid for Cadbury

Hershey's philanthropic trust has sought the blessing of the Pennsylvania attorney general for a potential $17-billion bid for Cadbury, according to people familiar with the matter.