According to Reuters, Samsung’s Q4 profits fell on dropping prices of flat screen TVs.
Reuters writes that AT&T (T) will phase out the Cingular Wireless brand and rename the unit for the parent company.
Reuters writes that AMD (AMD) has revised its Q4 earnings below previous estimates.
Reuters also reports that if the Apple (AAPL) iPhone is successful it could stretch parts suppliers like Toshiba.
Retuers writes that The New York Times (NYT) will lay off 125 employees at its Boston unit.
The Wall Street Journal reports that the New York Stock Exchange (NYX) may begin to offer real-time stock quotes to consumers over the internet. Websites offering the service would pay $100,000 a month.
The Wall Street Journal also reports that federal authorites are looking into option grants made to Apple (AAPL) CEO Steve Jobs in 2001.
The New York Times reports that US Air’s (LCC) bid for Delta is making the airline industry believe that there are better days ahead.
FT.com reports that Sony’s (SNE) Playstation3 sales figures were well behind the Ninetendo Wii and Microsoft (MSFT) Xbox based on US December sales figures.
Barron’s writes that several large drug companies including Pfizer (PFE), Novartis (NVS), Wyeth (WYE), GlaxoSmithKline (GSK) and Sanofi-Aventis (SNY) have blockbuster drugs coming out in the next year to two that could substantially improve their financial fortunes.
Douglas A. McIntyre
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