According to The Wall Street Journal, Pfizer (PFE) may cut thousands of jobs and change the way it develops and market drugs.
According to Reuters, Nigeria favors seeing the results of a February production cut by OPEC before making any further reductions.
According to Reuters, speculation is rising that Sony (SNE) will not hit is global target of shipping six million Playstation3 game consoles by the end of March.
Reuters writes that Yahoo! (YHOO) and Google (GOOG) gained market share in the US search market in December while Microsoft (MSFT) and Ask.com (IACI) lost share.
According to The Wall Street Journal, Bank of America (BAC) is pushing to raise the limits that prevent any banking company from having more than 10% of total US bank deposits.
The WSJ writes that Hewlett Packard (HPQ) says it has developed technology that improves the performance of computer chips using nanotechnology. The breakthrough could improve performance in technology for "communications switching systems, wireless networking gear, factory- and building-control systems and broadcasting equipment."
The New York Times writes that NetFlix (NFLX) will begin to deliver movies and TV shows to PCs using streaming technology. The service will be free to NetFlix customers. The new service competes with products from Amazon (AMZN) and Apple (AAPL).
Barron’s reports that Goldman Sachs has raised it price target on IM (IBM) from $100 to $107
The FT reports that a study of BP’s (BP) safety practices in the US is highly critical of the big oil company and asks the firm’s board to take a lead role in correcting the problem.
The FT reports that a recent study says that websites based on user generated content will have trouble getting a large share of the online ad market.
Douglas A. McIntyre
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