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) 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
Is Jerry Yang going to screw over Yahoo! ( YHOO) shareholders again? NYT DealBookDell ( DELL) said the Thailand floods hurt supplies as the computer maker offers a cautious outlook. WSJ What Goldman Sachs ( GS) and JPMorgan Chase ( JPM) are forgetting to tell us about their debt exposure. BloombergPepsi's ( PEP) 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
If you want to invest like Warren Buffett, simply buy companies founded in the 19th century. Infectious Greed Those looking to short Groupon ( GRPN) 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 http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.