Accoding to Reuters, Toyota and Ford did not discuss a tie-up at a meeting of their senior management in Japan.
Reuters writes that McClatchy sold the Minneapolis Star Tribune for $580 million to a private equity firm.
Reurters writes that a judge has approved a $2.45 billion settlement between Nortel and shareholders.
The WSJ writes that public company buyouts are loading debt on to companies. Harrah’s will ned up with debt that is eight times it cash flow.
The WSJ writes that Chinese economic planners want to curtail car production rates until demand catches up.
The New York Times writes that after large growth in private equity deals in the US and Europe, big buyout firms are turning their attention to Asia.
The New York Times writes that Eli Lilly’s patent on Zyprexa, a drug for treatment of schizophrenia, was upheld by a federal appeals court.
The FT writes that bankrupt auto parts maker Delphi may not reach its timeline to exit Chapter 11 and will seek at six month extension.
Barron’s writes that Google’s online ad revenue has become so large that 50% revenue growth for the company may become nearly impossible.
Douglas A. McIntyre
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