Bad news in the book industry, more good news for homeowners..Ashley Morrison has details in today's Money Watch report.IF YOU CAN'T PAY THE MORTGAGE YOU MAY STILL BE ABLE TO STAY IN YOUR HOME AS A RENTER! ITS FANNIE MAE'S NEW "DEED FOR LEASE" PROGRAM AND WILL GIVE THOSE ON THE VERGE OF FORECLOSURE THE OPTION OF RENTING THEIR HOMES FOR UP TO A YEAR.BOOK STORE CHAINS ARE STRUGGLING TO MAKE A PROFIT. BORDERS SAYS IT IS CUTTING 15-HUNDRED JOBS AND CLOSING 200 OF IT'S WALDENBOOKS AND BORDERS EXPRESS STORES. BARNES AND NOBLE SAYS IT WILL CLOSE ALL OF IT'S B. DALTON STORES BY JANUARY.FLIGHT ATTENDANTS AT AMERICAN AIRLINES SAY THEY WILL HOLD MOCK STRIKES AROUND THE COUNTRY ON NOVEMBER 18TH AND POSSIBLY REAL STRIKES AFTER THE HOLIDAYS. THE UNION IS PROTESTING STALLED CONTRACT TALKS WITH AMERICAN.THE ASSOCIATION OF PROFESSIONAL FLIGHT ATTENDANTS SAYS THE PROTESTS AT AIRPORTS WOULD SHOW THAT SOME FLIGHTS WOULDN'T BE ABLE TO OPERATE DURING AN ACTUAL STRIKE.AND VERIZON WIRELESS BEGINS SELLING ITS DROID SMARTPHONE TODAY AND IT COULD BE THE IPHONE KILLER. THE DROID HAS A HIGHER-RESOLUTION SCREEN THAN THE IPHONE, A REAL KEYBOARD AND FREE GPS WITH SPOKEN TURN-BY-TURN DIRECTIONS. HOWEVER, THE DROID DOESN'T HAVE THE 100 THOUSAND APPS AVAILABLE ON IPHONE.THAT'S YOUR MONEYWATCH, FOR MORE, STAY WITH CBS MONEYWATCH DOT COM."IN NY I'M ASHLEY MORRISON.






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