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U.S. Policy Makers to Revamp Credit Rules... Carlyle Bond Fund Close to Collapse... Carlyle Capital Assets Seized... EA Goes Hostile in TTWO Takeover Bid... CME and Nymex Near Deal... AOL to buy Bebo for $850M... Spitzer Resigns as Governor... Southwest Grounds 41 Planes... SocGen Broker Released Without Charge... Halcyon Asset Management Considers $974M IPO... Retail Sales Fall Unexpectedly... Treasuries Rally.

Asian stocks plunge... European stocks down... Dollar drops below 100 yen... And the futures are trending lower in the hour before the bell.

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TradingMarkets 5 Business Stories You Need to Know

EA's Take-Two Saga Turns Hostile - Wall Street Journal
Electronic Arts takes its battle for Take-Two Interactive Software directly to the shareholders.

Halcyon Plans to Go Public; Sees $974 Million Value - Bloomberg
Halcyon Asset Management LLC plans to go public, in a transaction valuing it at about $974 million.

Chicago Merc Nears Deal With Nymex - Wall Street Journal
CME Group looks set to announce a definitive plan to buy Nymex Holdings as early as next week.

Is Fannie Mae the Next Government Bailout? - Barron's
As the credit crisis deepens, specualtion increases that government sponsored enterprise Fannie Mae could soon be in need of bailout.

AOL to buy Bebo for $850M - CNN Money
Time Warner's Internet arm set to buy Bebo, a social network popular in Europe, to gain entry to a market dominated by Facebook and MySpace.

For more stories as they happen, go to our Breaking News section.

TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

• Humana (HUM | Quote | Chart | News | PowerRating) fell nearly 14% after the company lowered guidance.
  

• Immucor (BLUD | Quote | Chart | News | PowerRating) dropped almost 24% after announcing earnings will be lower than expected.
  

• Vimpel Communications (VIP | Quote | Chart | News | PowerRating) lost more than 7% after missing earnings estimates.
  

• After the close on Wednesday, Men's Wearhouse (MW | Quote | Chart | News | PowerRating) beat earnings estimates but missed on revenue expectations.
  

• Before the market open, Biovail (BVF | Quote | Chart | News | PowerRating) beat earnings expectations by $0.06 per share.
  

• Target (TGT | Quote | Chart | News | PowerRating) is looking into selling half of its credit card business, in a deal that could be worth up to $4 billion.
  

• Southwest Airlines (LUV | Quote | Chart | News | PowerRating) dropped -7.3% after the company grounded 41 planes.

For a list of today's highest PowerRating stocks, click here.

TradingMarkets 5 Top PowerRatings Stocks for Today

TradingMarkets Tracking the Wizards

Typical Bear Market Action - TradingMarkets
Gary Kaltbaum explains that bear market rallies are sharp, quick and noisy. They make you feel good, suck you in... and then bury you soon after.

Applying Fibonacci to the Market - TradingMarkets
In this second installment of this educational series, Toni Hansen begins to explore the practical applications of utilizing Fibonacci levels while trading.

How to Measure a Market Bottom or Bounce - TradingMarkets
Austin Passamonte looks at Tuesday's historical rally and what it means to traders in the current market.

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