According to the FT, the Apple board did not approve CEO Steve Jobs option grants in 2001, but documents were created to make it appear there was an approval. (AAPL)
Reuters writes that Citigroup and other investors are attempting to buy Chinese airline Sprint Air.
The Wall Street Journal says that holiday retail figures were at the low end of estimates with a 1.7% increase in comparable store sales for the week ending December 23.
The WSJ writes that Wal-Mart blames store overhauls and a new line of women’s clothing for much of its sales troubles this year. Several analysts believe that Wal-Mart will not see any rebound in sales until well into 2007. (WMT)
The New York Times reports that drug coated stents will account for as much as 80% of the market in the US for the last quarter of the year. Medtronics and Boston Scientific would benefit from the continued use of the products. (BSX)
Barron’s reports that WiMax is growing in Germany because of a privatization of the spectrum there. Shares in US firm Alvarion could benefit.
Douglas A. McIntyre
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