According to Reuters, Morgan Stanley’s (MS) real estate unit will buy Australia real estate firm Investa Properties for $3.9 billion.
Reuters writes that Google (GOOG) will introduce software the will allow for web search and other functions when users are not connected to the internet.
Reuters writes that quarterly profit fell at Costco (COST).
The Wall Street Journal reports that Coca-Cola (KO) and Cargill have set up a partnership to sell a calorie-free natural sweetener.
The Wall Street Journal writes that Ceridian (CEN) has agreed to a $5.3 billion private equity buy-out.
The WSJ reports that Circuit City (CC) will begin its second restructuring this year amid falling profits at the retailer.
The WSJ reports that Ebay’s (EBAY) online TV ad auction system will move forward with Oxygen network as the first participating medium.
The Wall Street Journal writes that companies including Verizon (VZ) and Comcast (CMCSA) are launching "cool" websites to draw potential broadband customers.
The New York Times writes that the chief technology officer at Yahoo! (YHOO) is leaving.
The New York Times also reports that Palm (PALM) is launching a mini-laptop to work with smartphones.
The FT that Motorola (MOT) is cutting 4,000 more jobs.
Barron’s writes that Tivo’s (TIVO) shares dropped due to its disappointing outlook.
Douglas A. McIntyre
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