BOSTON (TheStreet) -- Italy's bond auction leads your quick fix of company, market, economic and investing news for Tuesday, Nov. 29.

Tuesday's 5 Biggest Stories

A few weeks ago, Italian bond yields hit 7% and everyone freaked out. Today,

Italian bonds auction off with yields above 7%

and everyone is relieved. Huh?


We've heard this one before:

France may lose its triple-A rating

. Standard & Poor's is mum on the report, though.


Meanwhile, Fitch Ratings comes right out and says the

U.S. rating outlook is cut to negative



The story everyone will be talking about today: Former Treasury Secretary

Hank Paulson tipped off hedge funds

that Fannie and Freddie would move into conservatorship.



is reportedly set to launch its IPO in the second quarter of 2012. It will value the social media giant at -- wait for it -- $100 billion.


Quote of the Day

"While the stereotype may be a poor guy down on his luck who wins, the fact of the matter is: Everyone is equal when they play. These guys, they played one buck," Connecticut Lottery Chairman Frank Farricker said of the

three wealth managers in Stamford

who won a $254.2 million Powerball jackpot.


Company News

I hope you traded in your airline miles already:

AMR Corp.


, parent of American Airlines, files for bankruptcy.

NYT DealBook

Research In Motion

( RIMM) can't beat the iPhone, so instead it'll join it by offering device-management software.


Is a deal for



imminent? Several parties are submitting plans for a minority stake.

NYT DealBook

Speaking of Yahoo!,


founder Marc Andreessen could be considering a leadership role as part of a bid for the company.

All Things D

Bank of America

(BAC) - Get Report

can't do anything right. It's among 10 banks that unlawfully foreclosed on mortgages of about 5,000 active-duty military members.



Uh-oh. It can't be good when the

European Central Bank

says it failed to "sterilize" its bond program.


More credit-ratings agency fun: Moody's


cut European banks. Nothing like certainty to bolster confidence in your investment decision-making.


Citigroup economists are forecasting a

eurozone recession and sovereign debt downgrades

over the next two to three quarters.


Boy, this Judge Rakoff sure doesn't like the

Securities and Exchange Commission's

deals with banks.


Investment Strategy

Europe won't break up its

big banks

, which is good news for investors.


Why investors should

ignore sharp moves

in the market.

Aleph Blog

Are there

opportunities in hotel stocks


Dragonfly Capital

Odds and Ends

Nomination for Biggest Head Scratcher of 2011:

Maxine Waters

may replace Barney Frank on the House Financial Services Committee.

American Banker

Have you heard enough about

Jon Corzine's ineptitude

? He reportedly bet $11.5 billion, twice the amount disclosed, on European debt.


The Canada-based band


is awesome. Here's a song from their most recent, criminally overlooked album.


-- Written by Robert Holmes in Boston


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