According to Reuters, Australia’s Centro Properties Group has agreed to buy New Plan Excel Realty Trust for about $3.4 billion in cash.
Reuters reports that mutual fund investors are preparing for a significant drop in the value of their holdings.
Reuters writest that Airbus plans to eliminate 10,000 jobs but expects half of those cuts to come at its suppliers.
Reuters also reports that Pfizer (PFE) found that its HIV drug maraviroc take with other drugs can increase the number of patients who suppress the virus by 2x.
Sony (SNE) said that its would catch up with its shortage of PS3 game platforms by May.
Reuters writes that CBS (CBS) reported improved earnings in the latest quarter and revenue rose 2%.
The Wall Street Journal writes that Freddie Mac will stop buying certain kinds of sub-prime loans.
The Wall Street Journal writes that durable goods orders dropped 7.8%
The Wall Street Journal reports that Carl Icahn is fighting to deny the CEO of Blockbuster (BBI) his large bonus.
The WSJ also writes that a judge has put the patent claim by Qualcomm (QCOM) against Nokia (NOK) on hold, likely in the hope that the two sides can reach an agreement.
The New York Times writes that CBS (CBS) is opeing a service to allow fans to upload basketball clips for March Madness, a challenge to the model of YouTube.
FT writes that Univision has hired an executive from Omnicom to be its new CEO.
Barron’s reports that shares in Taiwan Semi are set to show strong gains on any upturn in the cyclical chip market.
Douglas A. McIntyre
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