U.S.

U.S. Stocks, Commodities Slide as Bonds, Dollar Gain on Dubai Debt Crisis U.S. and emerging-market stocks slumped and commodities dropped as Dubai’s attempt to delay debt repayments unnerved investors. Treasuries and the dollar rose while credit-default swaps surged.

Black Friday Shoppers Crowd Best Buy, Target in Pursuit of `Elusive' Gifts Shoppers took advantage of Black Friday discounts to snap up televisions, laptop computers and robot hamsters at Best Buy Co., Target Corp. and Toys “R” Us Inc. stores from New Jersey to Texas.

Fed, Treasury Examiners Faulted in Watchdog Reports on U.S. Bank Failures Treasury Department and Federal Reserve examiners should have done more to halt risky lending at U.S. banks that failed amid real-estate losses, reports by agency watchdogs show.

Beijing Auto, Merbanco, Renco Said to Make Approaches About GM's Saab Unit Beijing Automotive Industry Holding Co., Merbanco Inc. and Renco Group Inc. have made approaches about General Motors Co.’s Saab unit after a sale to Koenigsegg Group collapsed, two people familiar with the situation said.

GM's Saab Asks Sweden to Relax Terms of Rescue Funding, Union Leader Says Saab Automobile, offered for sale by General Motors Co., asked Sweden’s government to relax the rules of state rescue loans and provide funding, a union chief said.

Bank of America Shouldn't Put Off Lewis's Departure, Investor Finger Says Bank of America Corp., the biggest U.S. bank by assets, shouldn’t delay the departure of Chief Executive Officer Kenneth D. Lewis and should continue looking outside for a replacement, said investor Jonathan Finger.

Latin America

Emerging Market Currencies, Stocks Slump as Dubai Dulls Allure of Yields Developing-nations’ stocks dropped the most in a month and currencies weakened as Dubai’s attempt to reschedule its debt drove investors away from higher-yielding assets and commodities retreated.

Brazil's Soybean Harvest May Be Hurt by Asian Crop Disease, Agency Says Brazil’s soybean output may be hurt next year after a fungal disease known as Asian Rust infected plants at an earlier stage than usual in the season, a government researcher said.

Mexico Bank Keeps Lending Rate at 4.5% as Inflation Slows, Growth Picks Up Mexico’s central bank kept its benchmark interest rate unchanged today for a fourth month and said tax increases approved by lawmakers this month will boost inflation next year.

CAF Gets Approval to Sell $466 Million of Bolivar Debt in Venezuela Market Corporacion Andina de Fomento, a multilateral lending institution based in Caracas, received authorization from the Venezuelan government to sell 1 billion bolivars ($466 million) of notes in the local market.

Chile Central Bankers Reiterate Plans to Hold Rate for `Prolonged' Period Chile’s central bank policy committee voted unanimously to keep the benchmark interest rate unchanged at a record low 0.5 percent at its Nov. 12 meeting and reiterated plans to hold it there for a “prolonged period.”

Brazil Stocks Advance as Dubai Debt Concerns Ease; Duratex Rises to Record Brazilian stocks rose, rebounding from the biggest drop in two weeks, on speculation Dubai’s debt crisis will be limited to the Gulf emirate.

Exclusive

Abu Dhabi Commercial Bank Is Said to Be Owed $1.9 Billion by Dubai World Abu Dhabi Commercial Bank PJSC may be owed $1.9 billion by Dubai World, making it the largest creditor outside the emirate to the state company seeking to reschedule debt, said two people familiar with the companies.

Dubai Shows Limits of Government Bailouts for Markets, Roubini's Das Says The worldwide decline in equities spurred by Dubai’s efforts to reschedule its debt is a sign that government spending alone won’t be enough to protect financial markets, according to Arnab Das of Roubini Global Economics.

Credit-Default Swap Reforms Roiled as Aiful, Cemex, Thomson Test Payments Wall Street’s system for determining payments on derivatives linked to the debt of defaulted companies is showing cracks less than a year after securities firms changed practices to avoid “Draconian” regulation.

Spanish Bullrings, Fake Eiffel Towers Can't Prevent 20% Unemployment Rate Bullrings and fake Eiffel Towers may not be enough to hold back the tide of surging unemployment in Spain, Europe’s one-time engine of job growth.

Germany's Top Nazi-Hunter Finds `Best Break' in Years in Brazilian Archive German investigators trying to track down Nazi criminals before they die may have had their “best break” in years after discovering a trove of Brazilian immigration files more than half a century old.

Nakheel Bonds Plunge on Dubai Request to Reschedule Payments: Chart of Day Bonds sold by Nakheel PJSC, a real- estate developer controlled by Dubai, plunged more than 50 percent after the Gulf state sought to delay debt payments.