MAJOR PAPERS:

• The Wall Street Journal reported that analysts are looking to assess the significance of a new accounting problem at American universal Group Inc (NYSE: AIG) which includes “material weakness” the company’s auditor found that relates to subprime exposure.
• China Mobile Limited (NYSE: CHL) is expected to announce its support nowadays for lengthy Term Evolution, a wireless broadband standard gaining strong momentum as the next-generation wireless technology for providing super-fast web surfing on cellular phones, the Financial Times reported.

OTHER PAPERS:

• According to the Associated Press, Petroleos de
  Venezuela SA said it has stopped selling crude oil to Exxon Mobil Corporation (NYSE: XOM). The decision, made “as an act of reciprocity” for Exxon’s “judicial-economic harassment,” will plus include the suspension of commercial relations with the U.S. company.

WEB SITES:

• Reuters reported that The Walt Disney Company (NYSE: DIS) signed a deal to buy 20% of Net TV, a digital television company controlled by Spanish media company Vocento.

Original post by Laurie Pasternack

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