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Mixed stocks...Exec resigns in China probe...Pending home sales due



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TOKYO (AP) — International stock markets were mixed today, with only some markets cheered by an overnight rally as investor sentiment grew cautious on lower oil prices. Futures point to a lower opening on Wall Street today. Benchmark U.S. crude oil fell below to just above $37 a barrel. The dollar gained against the yen and the euro.

BEIJING (AP) — The chairman of one of China's three main state-owned phone carriers resigned today following an announcement he is the target of an anti-corruption investigation. China Telecom Ltd. chairman Chang Xiaobing is the latest in a string of dozens of executives at major state-owned companies to be detained or questioned in a steadily expanding, 3-year-old anti-graft crackdown led by President Xi Jinping (shee jihn-peeng).

WASHINGTON — There's just one economic report due out today. The National Association of Realtors will release its pending home sales index for November.

SAN FRANCISCO (AP) — Twitter has revised its rules of conduct to emphasize that it prohibits violent threats and abusive behavior by users. Twitter is promising a tough stance at a time when critics are calling for the online service to adopt a harder line against extremists. One advocate says the real test will be how Twitter enforces the rules.

NEW YORK (AP) — Carl Icahn appears to have emerged as the winner of the bidding war for auto parts and services retailer Pep Boys after Japanese tiremaker Bridgestone said it won't counter his latest offer of about $1 billion. Shares of Pep Boys hit their highest point in eight years yesterday after the company received a sweetened offer from Icahn of $18.50 in cash per share. That was up $2 per share from Icahn's earlier bid and $1.50 better than the latest from Bridgestone.

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The Associated Press

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