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Stocks in this article: GRPN PEP C JPM DELL YHOO SOCL

BOSTON ( TheStreet) -- Mario Monti's decision to name himself Italy's finance minister leads your quick fix of company, market, economic and investing news for Wednesday, Nov. 16.

Wednesday's 5 Biggest Stories

As if becoming Italy's new prime minister wasn't a tough enough task, Mario Monti will also be the country's finance minister. CNN

The Internet is buzzing this morning because of this report that says Newt Gingrich was paid up to $1.8 million in consulting fees by Freddie Mac. Bloomberg

The breathtaking selloff in eurozone bond markets yesterday made for the most worrying day of the crisis yet. FT

Did someone say 'contagion'? The Bank of Japan lowered its economic view due to Europe. Bloomberg Businessweek

More woes on Wall Street: Citigroup (C - Get Report) is weighing 3,000 job cuts. Bloomberg

Quote of the Day

"You know how screwed up Europe is when you have a German pope and an Italian central banker," hedge fund manager Kyle Bass said of the eurozone crisis, adding that the only resolution is a massive debt restructuring. BBC

Company News

Is Jerry Yang going to screw over Yahoo! (YHOO - Get Report) shareholders again? NYT DealBook

Dell (DELL - Get Report) said the Thailand floods hurt supplies as the computer maker offers a cautious outlook. WSJ

What Goldman Sachs (GS) and JPMorgan Chase (JPM - Get Report) are forgetting to tell us about their debt exposure. Bloomberg

Pepsi's (PEP - Get Report) board is reportedly split over a split. NY Post


For all the handwringing over volatility, the S&P 500 has seen its intraday trading range shrink over the past two weeks. Bespoke

We joked about it, but they went ahead and did it anyway. Presenting the new Social Media ETF (SOCL). Reformed Broker

Investment Strategy

If you want to invest like Warren Buffett, simply buy companies founded in the 19th century. Infectious Greed

Those looking to short Groupon (GRPN - Get Report) have a long wait ahead of them. Reuters

Sorting out the argument of stock buybacks versus dividends can cause a headache. Abnormal Returns

Odds and Ends

Mark Cuban, who recently said he's 50% in cash, offers his view on corporations and taxes. A must-read. Blog Maverick

This classic Billy Idol track came on during my walk to work this morning. It'll get you pumped for your Wednesday, too. YouTube

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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