China’s CITIC Securities is renegotiating its deal to swap stock and debt with Bear Stearns to reflect the U.S. brokerage’s slumping share price. The Chinese securities house expects to get a 9.9 percent stake in Bear Stearns, compared with an original plan for 6 percent, according to two people with direct knowledge of the deal.

If successful, CITIC Securities — the brokerage arm of CITIC Group, which is directly controlled by China’s cabinet — would become the largest single shareholder of the U.S. investment bank. The total amount of $1 billion that CITIC Securities and Bear Stearns would invest in each other is so far unchanged, the sources said.

Yahoo is in talks on a possible deal with News Corp, a source close to the situation tells Reuters, but analysts said an alternative was unlikely to emerge to rival Microsoft’s bid, now valued at $42.1 billion. According to various reports, a potential deal would combine New Corp and Yahoo’s Web properties and include a cash injection from an unnamed private equity fund. Meanwhile, Japanese Internet firm Softbank Corp, under pressure from both sides in Microsoft’s bid for Yahoo, may hold out for more leverage but is unlikely to derail the bid.

Hula-Hoop and Frisbee maker Wham-O is set to make another gyration, with Hong Kong-based Grand Toys International Ltd agreeing to buy the storied toy maker for $35 million. Grand Toys is buying the company, whose founder Richard Knerr died last month, from Cornerstone Strategic Management Limited, a company owned and controlled by Raylin Hsieh, the wife of Grand Toys’ major shareholder, Jeff Hsieh.