According to Reuters, net income at Hewlett-Packard (HPQ) roe 26% on strong PC and printer sales.
Reuters writes that Warner Music (WMG) has indicated that its bid for rival music group EMI would be all cash.
Reuters reports that Alltel (AT) could be valued at $25 billion to $31 billion by private equity firms interested in the rural phone business.
Reuters also reports that Wal-Mart (WMT) profits rose, helped by international sales.
The Wall Street Journal writes that Google’s (GOOG) is still looking for ways to make money by running content from TV networks. A deal with CBS (CBS) recently fell apart.
The Wall Street Journal reports that Nissan and Renault have said they have no interest in making a bid for Chrysler (DCX).
The Wall Street Journal also reports that the Supreme Court threw out a $79.5 million tobacco liability judgment against Altria (MO).
The WSJ reports that Jet Blue (JBLU) said that its interrupted service were back to normal.
The New York Times reports that Exxon (XOM) will abandon one of its largest projects a venture with Qatar’s state-run oil and gas company to produce clean-burning diesel from natural gas.
The FT writes that Wal-Mart (WMT) is pressing suppliers to seek more minorities in its outside businesses.
Barron’s reports that GlaxoSmithKline (GSK) has seen a run-up in its stock recently but, because of a strong drug pipeline, its shares could still be cheap.
Douglas A. McIntyre
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