Thursday's Top Stories in 2 Minutes

Here at the Fool, we've searched high and low across the Web this Thursday morning to find the biggest news and best stories around. Here are your top five morning reads.

1. Bernanke to the economy: Rise my pretty!
The economy managed to grow an annualized 3.5% over last year's third quarter, which beat a median forecast of 3.2%. We'll wait to see whether the Fed unfurls a giant "Mission Accomplished" banner over its headquarters. (Read more at Bloomberg.)

2. Mickey heading to mainland China?
It looks like Disney (NYSE:DIS) might be expanding their China reach out of Hong Kong. The China Daily reports that the city and Disney are close to striking a deal that could place a $3.6 billion park within its borders. (Read more at The China Daily.)

3. A glut of earnings
Let's take a quick look at some of the notable earnings from last night and this morning:

• Telecom Stocks: Sprint Nextel (NYSE:S) continues to hemorrhage postpaid subscribers and ended the quarter with a wider than expected loss. (Read more at Reuters.) Motorola (NYSE:MOT) delivered a shocker this morning: a profit. The company also unveiled its much-vaunted Droid phone yesterday. The phone uses Google's Android OS and has been heavily promoted by Verizon (NYSE:VZ). (Read more at Yahoo! Finance and All Things Digital.)
• Consumer Stocks: Proctor & Gamble (NYSE:PG) is still feeling a slight case of "recession," profits were down about 1%, and revenue slid 6%. However, those figures did beat expectations. (Read more at The Wall Street Journal.)
• Energy Stocks: ExxonMobil (NYSE:XOM) saw profits slide 68% from last year. Royal Dutch Shell also saw a steep drop in profitability; its earnings were off 62%. Both results trailed BP's relatively strong drop of only 34%. (Read more at The Wall Street Journal and Yahoo! Finance.)

4. Another loss of taxpayer money?
The Atlantic questions why the New York Fed paid out par value on all of AIG's (NYSE:AIG) credit default swaps, ignoring current market values. (Read more at The Atlantic.)

5. Unfair trade practices? Look to America.
China has notified the U.S. that it plans to pursue a trade case against U.S. automakers. Quid pro quo for America's tariff on Chinese tires? Sounds about right. (Read more at The Associated Press.)

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