Happy Thanksgiving to our American readers! Businesses prepare for Black Friday rush as record number of US retailers (including strike-threatened Walmart, Kmart, Target and Toys R Us opening on Thanksgiving) and consumer sentiment remains “shaky.” Google notes American Thanksgiving with homepage logo nod to Macy’s parade (above) and a round-up of holiday links.
Apple must disclose HTC deal to Samsung.
GE retired CEO Jack Welch “unretirement” makes cover of Bloomberg Businessweek.[more]
GM buys Ally’s international auto-finance businesses for $4.2 billion.
HP‘s CEO Whitman raises doubts about turnaround ability.
Orange launches free app for free calls and texts.
P&G targets innovation output 60:40 between large, established sectors and new categories.
SABMiller reports higher profits on emerging markets.
Sony and Panasonic credit ratings cut to junk status for the first time.