According to Reuters, the head of BHP Billiton, the world’s largest miner, stepped down and the company announced a $10 billion share buyback sending the stock up 6%.
Reuters writes that net profits at Roche rose 34% due to strong sales of its cancer treatments.
Reuters also reports that both profits and the outlook at Cisco (CSCO) beat Wall St. expectations.
Reuters writes that the CEO of Nike (NKE) expects sales to rise as much as 53% over the next five years to $23 billion.
Reuters reports that 8,000 workers left Ford (F) in January as part of a buy-out offer aimed at cutting costs.
The Wall Street Journal says that News Corp’s (NWS) MySpace is working with EBay (EBAY) on a deal that would allow members of MySpace to buy and sell goods using the auction company’s technology. The deal is slowing the negotiations between Google (GOOG) and MySpace for a deal that would make Google the sole provider of text ads on the big social network site. The deal could be a boost the Ebay’s Paypal system.
Amazon (AMZN) and Tivo (TIVO) have announced a partnership to allow movies downloaded from the new Amazon system to be stored on Tivo and played back on TVs.
Facebook and Comcast (CMCSA) have announed a deal to allow independent film makers who put content on the community site to have it viewed on TV.
The New York Times writes that Wal-Mart (WMT) and one of its unions will present a series of proposals aimed at providing universal healthcare.
The New York Times writes that Ford (F) will resurrect its Taurus brand.
The FT writes that Apple’s (AAPL) Steve Jobs has suggested that all music downloads be available without digital rights management protection setting off a debate about protecting music copyrights.
Barron’s writes that shares in Citrix (CTXS) may benefit from the launch of Vista. The company produces a product that allows customers to run Microsoft (MSFT) Windows without owning Windows.
Douglas A. McIntyre
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