According to Reutes, GM (GM) is close to a deal with Delphi for wage and benefit concessions at the parts maker as it comes out of bankruptcy. The move would avert the chance of a strike.
Reuters writes that Intel’s (INTC) profits fell about 40% and the stock moved down 3% after hours.
Reuters reports that Sony-Ericsson beat fourth quarter earnings estimates and believes that it will soon become the world’s third largest handset maker.
Reuters writes that Express Scripts (ESRX) is launching a $24.8 billion offer to takeover Caremark (CMX). The move is a challenge to a rival bid from CVS (CVS).
The Wall Street Journal writes that a Cablevision (CVC) board panel has rejected the founding family’s bid to take the company private.
The Wall Street Journal writes that XM (XMSR) has softened its stance about a potential merger with Sirius (SIRI).
BP (BP) has said that it will "embrace" a number of points in a report that is critical of the oil company’s safety record, writes the WSJ.
The Wall Street Journal reports that cable companies are going after telecom business customers in a bid to keep up their growth in the voice over IP business.
The New York Times writes that the Saudis dismissed a call for an OPEC meeting on dropping oil prices.
Barron’s writes that Hansen Natural (HANS) could benefit significantly from a distribtion deal with Anheuser Busch (BUD).
The Wall Street Journal writes that the EU is going to begin a probe into Intel (INTC) antitrust practices.
The FT writes that poor interest in the auction for asset of The Tribune (TRB) does not bode well for future newspaper values.
Douglas A .McIntyre
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