According to Reuters, Advanced Medical Optic (EYE) has made a $4.23 billion bid forBausch & Lomb (BOL).
Reuters writes that UBS has replaced its CEO after loses at it hedge fund.
The Wall Street Journal reports that Microsoft (MFST) will take a $1.1 billion charge for costs related to warranties for its Xbox.
The Wall Street Journal writes that Congress is passing a bill the would allow OPEC members to be sued under antitrust laws.
The Wall Street Journal also writes that hackers have figured out ways to get passed some of the restrictions AT&T (T) and Apple (AAPL) have put on the iPhone.
The Wall Street Journal writes that Motorola (MOT) will take a $101 million charge for laying off employees.
The New York Times writes that the new head of Siemens (SI) plans to overhaul the company and makes its actions more transparent.
The FT writes that the head of Nestle is worried that rising food prices, based to some extent on use of corn for biofuel and demand in China and India, could cut margins.
The FT also writes that Dell (DELL) is looking to retail store sales in Asia to help with it comeback.
Barron’s reports that Cablevision (CVC) could be worth twice what the Dolan family plans to pay for it.
Douglas A. McIntyre
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