According to Reuters, The Nasdaq Stock Exchange (NDAQ) criticized the London Stock Exchange (LSE) for refusing to discuss its takeover offer.
Reuters writes that Alcatel-Lucent (ALU) lost over a tenth of its market cap when its announced that its fourth quarter earnings would be poor.
Reuters writes that Texas Instruments (TXN) profits rose on a tax credit.
FT writes that US productivity growth was the lowest in a decade.
FT writes that LG Electronics had a loss on lost market share in plasma TVs
FT writes that Japanese car company margins are being squeezed as Japanese consumers buy smaller cars.
The WSJ writes that the UAW and Detroit auto makers are discussing a plan that would shift some retiree health-care benefits to the union.
The WSJ writes that the CEO of The Gap (GPS) left after a poor holiday season.
WSJ also reports that Citigroup (C) removed its CFO as questions about cost controls at the big bank continued to dog management.
WSJ wirtes that Pfizer (PFE) will cut 10,000 jobs.
The New York Times reports that the parent of travel site Orbitz has hired a banker to look at taking the business public.
Barron’s reports that Pali Research has upgraded Vonage (VG) on valuation.
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks