According to Reuters, oil fell 1% on comments that Saudi Arabia was satisfied with current market conditions.
Reuters reports that Toyota (TM) will build a new plant in India by 2010.
Reuters also writes that Vodafone (VOD) won the bidding for control of Hutch Essar, India’s fourth largest cell phone company.
The Wall Street Journal writes that a group of major media companies has accused Google (GOOG) from illegally benefiting from having their content on YouTube. The companies claim the Google helped support websites that promoted illegal downloads.
The Wall Street Journal also reports that Google has reached an agreement to license classic TV shows from Digital Media Group (DMGI). Google will share advertising on content containing the content with DMGI.
The Wall Street Journal writes that The Tribune Company (TRB) will probably not be auctioned off. Instead, it will probably sell its TV stations and issue a special dividend.
The Wall Street Journal reports that Research In Motion (RIMM) is taking features from its Pearl consumer device to improves it business product, the Blackberry.
The Wall Street Journal reports that Intel (INTC) has developed a chip that has the power of approximately 80 electronic brains.
The New York Times reports that Nasdaq’s (NDAQ) failed bid for the London Stock Exchange raises questions about the US exchanges strategy to compete overseas.
The NYT also reports that Universal Music Group is near a deal to license content to Bolt.com. an online video service.
The FT reports that the number of companies that failed to meet Wall St. earnings expectations hit the highest level in two years, signalling a potential slowdown.
The FT writes that News Corp’s (NWS) MySpace is close to a technology solution to track video contnet.
Barron’s reports that shares in Costco (COST) may still be inexpensive as the company becomes the country’s best run retailer.
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks