According to Reuters net income at Ebay (EBAY) rose 50%.

Reuters reports that net income at IBM (IBM) rose 12% on strength in its software business.

Reuters writes that Vodafone’s (VOD) revenue rose 7.5% on substantial growth in emerging markets.

According to The Wall Street Journal, the IRS is seeking data from Citigroup (C) and Lehman (LEH) to determine whether some derivative trades were set up to avoid taxes.

The Wall Street Journal writes that Nestle and Pepsi (PEP) held merger talks in the spring.

The Wall Street Journal reports that Clearwire (CLWR) and Sprint (S) are near a deal that would allow each company’s subscribers to use the others WiMax network while roaming.

The Wall Street Journal reports that Google (GOOG) executives will be asked to appear before Congress to address issue on its purchase of DoubleClick.

The WSJ reports that Honda (HMC) will begin to sell cars a newly developed car into China.

The New York Times reports that Ford (F) expects bid for Jaguar and Rover today.

The NYT reports that the National Petroleum Council says that energy demand will rise 50% over the next 25 years.

FT reports that a new survey shows that HP (HPQ) further increased its global lead in PC sales over Dell (DELL).

Barron’s reports that Juniper (JNPR) reported sharp improvement in Q2 revenue.

Douglas A. McIntyre

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