Nov. 11 (Bloomberg) -- U.S. stocks dropped as a worsening outlook for companies from Goldman Sachs Group Inc. to Google Inc. overshadowed China's $586 billion stimulus plan and pledges by the world's biggest nations to bolster economic growth. American International Group Inc. got a $150 billion government rescue package, almost doubling the initial bailout of less than two months ago as the insurer burns through cash at a record rate.

TOP STORIES/MOST READ ON BLOOMBERG

AIG Gets Expanded Bailout, Posts $24.5 Billion Loss

American International Group Inc. got a $150 billion government rescue package, almost doubling the initial bailout of less than two months ago as the insurer burns through cash at a record rate.

Fed Defies Transparency Aim in Refusal to Disclose

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Goldman Sachs Fires Analysts Including Tanona, Dray

Goldman Sachs Group Inc., the Wall Street bank that cut 3,200 jobs last week, identified six equity analysts fired by the firm, including William Tanona, who covered companies such as JPMorgan Chase & Co., and Deane Dray, who followed General Electric Co.

GM Tumbles as Deutsche Says It May Become Worthless

General Motors Corp. plummeted as much as 31 percent and moved toward its lowest level in 62 years after a Deutsche Bank AG analyst downgraded the shares, saying they may be worthless in a year.

MAIN ECONOMIC RELEASES TODAY China's Export Growth Seen Slowing to 18.1% in October China's Overseas Trade Surplus Seen at $30 Billion in October China's October Consumer-Price Inflation Seen Slowing to 4.2% Japan Sept. Current-Account Surplus Seen at 1.39 Trillion Yen Japan's October Merchant Sentiment Index Seen Falling to 26.8 Japan's Bank Lending Report for October Is Due to Be Released Australian Oct. Business Confidence From National Australia Bank Malaysia Sept. Industrial Production Growth Seen Slowing to 0.6%

MAIN ANALYST UPGRADES/DOWNGRADES *CHIYODA CORP. CUT TO `NEUTRAL' AT CREDIT SUISSE *NIPPON YUSEN CUT TO `MARKET PERFORM' FROM `OUTPERFORM' AT MUFJ *AJINOMOTO RAISED TO `NEUTRAL' AT CREDIT SUISSE *KOEI CUT TO `MARKET PERFORM' FM `OUTPERFORM' AT MITSUBISHI UFJ *SUNTECH CUT TO `SELL' VS `HOLD' AT DEUTSCHE BANK *COUNT FINANCIAL CUT TO `EQUAL-WEIGHT' AT MORGAN STANLEY *SPECIALTY FASHION RAISED TO `NEUTRAL' AT CREDIT SUISSE *SUNDRUG RAISED TO `OUTPERFORM' VS `NEUTRAL' AT CREDIT SUISSE

ASIAN MARKETS

The Nikkei 225 futures contract due in December rose 185 points to 9,290. The Hang Seng November contract gained 537 to 14,737. The S&P/ASX 200 Index futures due in December fell 58 to 4,040 at 7:59 a.m.

U.S. Stocks Retreat as Earnings Concern Overshadows Stimulus

U.S. stocks dropped as a worsening outlook for companies from Goldman Sachs Group Inc. to Google Inc. overshadowed China's $586 billion stimulus plan and pledges by the world's biggest nations to bolster economic growth.

Treasuries Advance After Stronger-Than-Forecast Demand at Sale

Treasuries gained after the government's first sale of three-year notes in 18 months attracted stronger-than-forecast demand.

Yen Rises Versus Dollar as Stock Drop Discourages Carry Trade

The yen rose against the dollar on speculation a drop in equities will lead investors to sell higher-yielding assets and pay back low-cost loans in Japan, unwinding the carry trade.

Europe Stocks Rise on China Stimulus; BHP, Deutsche Post Gain

European stocks advanced for a second day after China unveiled a $586 billion plan to stimulate the economy and world leaders urged more cuts in interest rates.

European Note Yields Stay Near Three-Year Low as Stocks Advance

European two-year note yields stayed near the lowest level in three years as a $586 billion economic stimulus package from China boosted stocks, curbing demand for the safety of fixed- income assets.

Crude Oil Rises More Than $1 as China Unveils Stimulus Program

Crude oil rose more than $1 a barrel as China announced a $586 billion stimulus plan and the world's biggest nations pledged to bolster growth.

Gold Rises on Speculation China Stimulus Plan Will Boost Demand

Gold rose after China said it would spend $586 billion to stimulate its economy, boosting the appeal of precious metals and other commodities.

HIGHLIGHTS FROM NEWSPAPERS

Mitsubishi Rayon Nears a Deal to Acquire Lucite, Nikkei Says

Mitsubishi Rayon Co. is close to a deal to acquire Lucite International Group Holdings Ltd. for about 150 billion yen ($1.53 billion), Nikkei English News reported, without citing anyone.

Macquarie May Seek to Invest in Entire German Grid, SZ Says

Macquarie Group Ltd., Australia's biggest securities firm, may be interested in investing in all of Germany's power grid, Sueddeutsche Zeitung said, citing Martin Stanley, chief executive officer of the bank's European infrastructure funds.

Last Updated: November 10, 2008 16:16 EST