According to Reuters, Air France has ordered $7 billion of new aircraft split between Boeing (BA) and Airbus.
Reuters writes that Alan Greenspan sees a sharp drop for Chinese stocks.
Reuters reports that shares of Alcan (AL) rose 6% after the company rejected a bid from Alcoa (AA). The market believes that another company will come in with a higher bid.
Reuters writes that Nokia (NOK) responded to a patent lawsuit by Qualcomm (QCOM) and filed claims saying that the US company infringes on six of its patents.
Reuters writes that a doctor raised questions about the safety of GlaxoSmithKline (GSK) diabetes drug Avandia in a letter to the FDA written seven years ago.
The Wall Street Journal writes that GM (GM) has pledged the remaining 49% of GMAC that it still owns to get a revolving credit line of $4.1 billion.
The WSJ reported that Dell (DELL) will offer several PCs with embedded Linux, a move that could upset Microsoft (MSFT).
The WSJ also writes that a key member of the family that owns Dow Jones (DJ) is still opposed to selling the company to Rupert Murdoch.
The WSJ writes that cellular giant Vodafone (VOD) has launched its own handsets, a challenge to Motorola (MOT) and Nokia (NOK).
The New York Times writes that Microsoft (MSFT) indicated that it has no need to buy Yahoo! (YHOO) to round out its internet strategy.
FT writes that Cerberus joined the race to buy Canadian telecom company BCE.
Barron’s reports that Network Appliances (NTAP) issued soft guidance, sending its shares down 22% after hours.
Douglas A. Mcintyre
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