According to Reuters, Australia Australian fund manager Caledonia said it would vote against Chicago Merch’s (CME) proposal to buy CBOT (CBOT) The fund own over 6% off the exchange.
Reuters writes that GE (GE) see its growth in stable emerging markets growing faster than the GDP in those countries.
The Wall Street Journal reports that Blackstone’s (BX) purchase of Hilton (HLT) raises the question of whether Marriott (MAR) and Starwood (HOT) are also takeover candidates.
The Wall Street Jounal reports that the Justice Department has started a probe of the SAP (SAP) theft of certain Oracle (ORCL) documents.
The Wall Street Journal also reports that Boston Scientifc (BSX) is trying to make a comeback ahead of a portential downgrade of its bonds, but bears says that problems with its stent and other businesses have cut cashflow well below projections.
The Wall Street Journal also writes that exchanges between Alcoa (AA) and Alcan (AL) signal pressure on the US company to buy its Canadian rival.
The Wall Street Journal also reports tha Conoco Phillips (COP) expects a strong second quarter.
The New York Times reports that album sales continue to drop as digital music sales rise sharply.
The NYT writes that Naver.com is the leading search engine in Korea. Taking advantage of cultural differences, it outperfoms Google (GOOG) by a wide margin.
The FT reports that IPO offerings from Chinese companies may outpace those from any other country in the world.
FT reports that China Unicom (CHU) and China Mobile (CHL) are using free beer to help sign up subscribers.
FT reports that Telefónica’s O2 mobile phone business is set to become the Apple (AAPL) iPhone provider for the UK.
Barron’s reports that new management at Liz Claiborne may help reverse the fall of its shares.
Douglas A. McIntyre
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