According to Reuters, Citigroup (C) was cleared in an insider trading case in Australia.
Reuters reports that Ford (F) is offering significant month-end incentives to bring buyers in for some of its brands.
Reuters writes that Redhat (RHT) had patent talks with Microsoft (MSFT) a year ago, but the negotiations broke down.
Reuters writes that Nokia (NOK) has seen small local rivals emerge in China as Motorola’s (MOT) sales in the country have plummetted.
The Wall Street Journal writes that British Tobacco and CVS could make competing bids for Spanish tobacco firm Altadis that would value the company over $17 billion.
The Wall Street Journal writes that Google (GOOG) is having more trouble hiring and retaining the best talent as stock options vest and some key employees move to start-ups.
The Wall Street Journal also writes that Southwest (LUV) is cutting back on rapid expansion and the purchase of airplanes as its runs into increasing competition.
The Wall Street Journal writes that Microsoft (MSFT) will sell low-cost computers in India set up with educational software.
The New York Times writes that Rupert Murdoch’s offer to Dow Jones (DJ) how includes his ability to hire and fire editors.
The New York Times also writes that Nielsen will begin tracking media use on cellphones.
The FT reports that companies around the world are pulling debt deals due to fears that problems in sub-prime markets will cause a rise in interest rates.
Barrons’ reports that the iPhone will cause major challenges to the businesses of Palm (PALM) and Research In Motion (RIMM).
Douglas A. McIntyre
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