According to Reuters, Australian metals company Rio Tinto (RTP) is considering a bid for Alcan (AL).
Reuters writes that a delegate from OPEC said that there was not reason to raise oil output putting potential pressure on fuel prices for the summer.
The Wall Street Journal writes that Nokia (NOK) has launched a service that allows Chinese to download English lessons as an attempt to raise its share in that country.
The New York Times writes that the music download business and piracy are destroying CD sales ruining the primary business of companies including Warner Music Group (WMG) and EMI.
The FT writes that the company that owns the Dubai stock exchange may make a rival bid for Stockholm’s OMX which has agreed to be purchased by the Nasdaq Stock Market (NDAQ)
Barron’s reports that IBM (IBM) shares could rise sharply due to the company’s new drive into software and cost cutting.
Douglas A.McIntyre