Tuesday morning headlines

Stocks open sharply lower: October was a terrific month for the markets, but November is starting way down. For that you can blame Greece. Dow is off more than 200 points.

Greece on verge of collapse: Lawmakers are rebelling against Prime Minister George Papandreou's surprise call for a referendum on a new aid package. From the NYT:

Such a collapse would not only render the referendum plan moot, it would likely scuttle -- or at least delay -- the debt deal that was agreed on in Brussels last week, putting Greece on a fast track to default and possible exit from the monetary union of countries sharing the euro currency. Analysts said that Mr. Papandreou's call for a referendum was a last resort, meant to gain broader political support for the unpopular austerity measures in the deal without forcing early elections that would only worsen the country's political and economic turmoil.

Lots of missing money: We're talking hundreds of millions of dollars from the customer funds of MF Global, the brokerage firm that's filed for bankruptcy. Regulators are looking into whether MF Global diverted some of the money. From DealBook:

The discovery that money could not be located might simply reflect sloppy internal controls at MF Global. It is still unclear where the money went. At first, as much as $950 million was believed to be missing, but as the firm sorted through its bankruptcy, that figure fell to less than $700 million by late Monday, the people briefed on the matter said. Additional funds are expected to trickle in over the coming days.

Fed meets: Two-day policy meeting isn't like to result in any major policy changes, especially since the economy appears to be settling down. (AP)

McCourt nearing deal to sell Dodgers?: The current scenario would give him some control over a sale, reports the LAT, and would probably include Dodger Stadium and the surrounding parking lots. From the Times:

Based on figures McCourt submitted to the Bankruptcy Court, he would be hard-pressed to sell the Dodgers' television rights, settle his divorce and be left with enough capital to renovate Dodger Stadium and restore the team to prominence. "I don't know that there's a way for him to win," said Marc Ganis, president of the sports business consulting firm Sportscorp Ltd.

Honda production disrupted: The flooding in Thailand is causing a parts shortage. Production at the carmaker's U.S. factories will be reduced by half through Nov. 10, and factories will close on Nov. 11. (LAT)

Gas prices flat: An average gallon of regular in the L.A. area is $3.893, according to the government survey, essentially unchanged from last week.