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    Last update: December 22, 2009

    +Lobbying begins against Air France bid for Alitalia
      ROME (Reuters) - Air France-KLM's bid for Italy's state-controlled airline, Alitalia, has triggered a frenzy of holiday lobbying by powerful opponents who want Rome to reject an offer they say harms national interests.

    +Northern Rock board eyes internal rescue: report
      LONDON (Reuters) - The board of Northern Rock is considering mounting a rescue plan to save the ailing British bank from nationalisation or takeover, the Sunday Times reported.

    +Home sales and rates may extend Santa rally
      NEW YORK (Reuters) - Investors have only a sprinkling of economic data on their plates in the last full week of 2007, but if the numbers come through as expected, stocks may extend Friday's early Santa Claus rally.

    +News Corp to sell 8 U.S. TV stations for $1.1 bln
      NEW YORK (Reuters) - Rupert Murdoch's News Corp will sell eight U.S. television stations to private equity firm Oak Hill Partners for about $1.1 billion.

    +Stores desperately seeking shoppers on Super Saturday
      NEW YORK (Reuters) - U.S. shoppers, come out, come out, wherever you are. "Super Saturday," the last Saturday before Christmas, is often the biggest shopping day of the holiday season, according to the National Retail Federation.

    +Sony Online denies firm for sale report
      MUMBAI (Reuters) - Sony Online Entertainment on Sunday denied an Indian media report that said Zapak Digital Entertainment Ltd, part of the Anil Ambani-led ADAG group, was buying Sony Online and said the company was not up for sale.

    +Bahrain says Gulf shouldn't rush to revalue: report
      DUBAI (Reuters) - Gulf Arab countries should not rush to decide on revaluing their dollar-pegged currencies because volatility in the U.S. currency is normal, Bahrain's central bank governor is quoted by a magazine as saying.

    +Goldman's Blankfein gets $67.9 million bonus
      NEW YORK (Reuters) - Goldman Sachs Group's board of directors awarded a $67.9 million bonus to Chairman and Chief Executive Lloyd Blankfein for 2007, according to a filing with regulators.

    +IRS says Fedex owes $319 mln in back taxes: filing
      LOS ANGELES (Reuters) - Fedex Corp said on Friday that the U.S. Internal Revenue Service found that its FedEx Ground independent contractors should be reclassified as employees for tax purposes and that the company faced related taxes and penalties of more than $319 million for 2002.

    +Chrysler says exceeding financial targets
      NEW YORK (Reuters) - Chrysler LLC on Friday called recent media reports about its financial picture inaccurate, saying the auto maker is exceeding most financial targets heading into 2008.

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