There are rumors overseas that LM Ericsson CEO Carl-Henrik Svanberg could be forced out. Yesterday, shares of the wireless network provider sank 12% after the company lowered its forecast for fourth quarter revenues.

Analysts expect Freddie Mac to raise between $5 and $6 billion to boost capital. Fox-Pitt analyst Howard Shapiro sees the amount between $5.5-$6 billion and Friedman Billing sees a $5 billion capital raise. Yesterday, Freddie Mac said it engaged Goldman Sachs and Lehman Brothers as financial advisors to help it consider very near term capital raising alternatives. Freddie Mac said it is also seriously considering reducing its fourth quarter common stock dividend by 50 percent. Freddie Mac reported a enormous third quarter loss of $2 billion or $3.29 per share. Shares of Freddie Mac are down 1.6% today, after sinking 29% yesterday.

According to reports from the Wall Street Journal, the pending merger of XM Satellite and Sirius may still be approved. The article notes that the stock prices have recovered big losses over the past few months as investors have showed increasing confidence that the deal wiLL win FCC and DOJ approval. The report said DOJ approval could come soon after Thanksgiving and a FCC recommendation will follow.

According to reports from the Wall Street Journal, the pending merger of XM Satellite and Sirius may still be approved. The article notes that the stock prices have recovered big losses over the past few months as investors have showed increasing confidence that the deal wiLL win FCC and DOJ approval. The report said DOJ approval could come soon after Thanksgiving and a FCC recommendation will follow.

J.P. Morgan downgrades Circuit City from Overweight to Neutral. The firm said a turnaround will likely requires deep pockets-such as the involvement of a strategic partner. Buyout scenario may not occur until the second half of 2008. Circuit City Stores, Inc. is a specialty retailer of consumer electronics, home office products, entertainment software and related services. The Company has two segments: domestic and international.

ACA Capital Holdings is halted for trading. CNBC is reporting the company could get its rating cut and be the first bond insurer to be insolvent. Others to watch: MBIA Inc. (NYSE: MBI), MGIC Investment Corp. (NYSE: MTG), Radian Group Inc. (NYSE: RDN), Ambac Financial Group, Inc. (NYSE: ABK).

Countrywide Financial Corporation commented on its financial condition, related to rumors of liquidity issues. Management continues to believe that Countrywide has ample liquidity and capital and will be a beneficiary of ongoing mortgage market consolidation. Countrywide said it is noteworthy that Moody's Investors Services yesterday confirmed Countrywide's investment grade credit ratings. Countrywide is down 9% today on the liquidity rumors. It was much lower earlier.