This is what’s in the news for Wednesday, November 2nd. Bloomberg reports that Fed officials are probably engineering a third round of large scale asset purchases, but a decision likely won’t be announced today, according to economists in a Bloomberg News survey. Reuters reports that Sony Corp. (NYSE:SNE) said it faces its fourth consecutive annual net loss, instead of a profit it forecast earlier, as Thai floods disrupted camera production, adding to losses from a rising yen and price declines in its TVs and PCs in the U.S. and Europe. The Wall Street Journal reports that Yahoo (NASDAQ:YHOO) is talking with private-equity firms about a deal in which they would take a minority stake in the company while effectively gaining control. Finally, the Wall Street Journal reports that as online videogame firm Zynga Inc. prepares to go public, Electronic Arts (ERTS) has broken Zynga’s hold on the top games played on Facebook with “The Sims Social.” Since the game’s August debut, it has become Facebook’s second-most-played game.
