According to Reuters, India’s Tata Steel will become the world’s No.5 steel maker after buying Corus Group for $12 billion.
Reuters writes that Microsoft (MSFT) believes that it will sell twice as many copies of Vista in its first year as it did it last upgrade, Windows XP, in 2001.
Reuters reports that Microsoft (MSFT) will set up an R&D center in China for its MSN unit.
Reuters writes that Honda’s (HMC) third quarter net rose and it moved its full-year forecast higher.
The Wall Street Journal reports that in its survey of the reputations of 60 large companies Microsoft (MSFT) finished first ahead of Johnson & Johnson (JNJ), 3M (MMM), Google (GOOG) and Coca Cola (KO).
The WSJ writes that Carl Icahn has taken a 1.4% stake in Motorola (MOT) and is asking for a board seat.
The WSJ also reports that Merck’s (MRK) earnings fell 58% as generics took business from its flagship drug Zocor.
The New York Times writes that, despite the stigma of its product, Wall St. like tobacco companies like Altria (MO).
The NYT reports that there is growing evidence that Nintendo’s Wii has taken the lead over Sony’s (SNE) Playstation 3.
The NYT also writes that Yahoo! (YHOO) will build 100 sites designed around entertainment brands.
FT reports that AMD (AMD) has taken more share from Intel (INTC) taking 25% of the computer processor market in Q4 06.
Barron’s reports that shares in SiRF (SIRF) after positive earnings. Shares in WebSense (WBSN) fell on its report.
Douglas A. McIntyre
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