According to Reuters, Ebay (EBAY) has pulled its business from the Google (GOOG) AdWords program.
Reuters writes that, according to analysts a bid by IntercontinentalExchange (ICE) for CBOT (BOT) now faces an uphill battle.
The Wall Street Journal writes that the Big Three will seek extremely large concessions from the UAW to narrow their cost disadvantage with Asia rivals.
The Wall Street Journal writes that Liberty Media (LCAPA) and EchoStar (DISH) could make a $5.5 billion bid for satellite communications provider Intelstat.
The Wall Street Journal reports that Sprint (S) is seeking partnerships to finance its huge WiMax network. The candidate may include Craig McCaw who founded WiMax provider Clearwire (CLWR). Sprint may also spin-off its WiMax unit to shareholders.
The Wall Street Journal writes that Southwest Air (LUV) has alerted investors that its growth is slowing.
The FDA has rejected an obesity drug from Sanofi-Aventis (SNY) because of possible psychiatric side-effects, according to The New York Times.
FT reports that the mobile phone industry will launch a service aimed a the Apple (AAPL) iPhone. It will be a low-cost, flat-rate music service that can be accessed on most handsets in Europe and Asia. The project is supported Motorola (MOT), Nokia (NOK), Samsung, and Sony Ericsson and has the backing of four major music publishers.
Barron’s reports that, despite improvements in its LCD business, turning around Sony (SNE) will take longer than many investors anticipate.
Douglas A. McIntyre
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