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MAJOR PAPERS:
- Build-A-Bear Workshop Inc's (NYSE: BBW) stock has been in a nose dive for most of the year, failing to reach sales targets. If there's no bid soon, reported the Wall Street Journal, this holiday season will be a miserable one for same store sales. Mattel Inc (NYSE: MAT) and Children's Place Retail Stores Inc (NASDAQ: PLCE) are considered possible buyers, as well as private equity firms.
- Cisco Systems Inc (NASDAQ: CSCO) and Haier Group, China's largest manufacturer of appliances, have agreed to work together on home networking in China and international markets, according to the Wall Street Journal.
- "Disney (NYSE: DIS) inspired" homes will be offered by KB Home (NYSE: KBH) beginning in 2008, following their successful collaboration with Martha Stewart Living Omnimedia (NYSE: MSO) homes two years ago, reported the Wall Street Journal.
- Credit Suisse Group (NYSE: CS) is laying off about 150 workers from its mortgage-backed securities unit, a source told the New York Times.
- The EE Times reported that Chinese silicon foundry provider Semiconductor Manufacturing International Corporation (NYSE: SMI) has delayed the opening of its 300-mm wafer fab in Wuhan, China, according to an analyst.
- India's Wipro Limited (NYSE: WIT) has received a five year, $130M contract from British utility Thames Water to provide integrated IT services, reported the Economic Times.
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