According to Reuters, the Detroit News has reported that Blackstone is looking at buying Chrysler (DCX).
Reuters reports that HSBC (HBC) profits rose 5% last year, but it took write-downs of $10.5 billion in mortgage loans at its US operations.
Reuters writes that shares in Palm (PALM) have been rising sharply on speculation that it will be bought. Nokia (NOK) has been mentioned as a suitor.
The Wall Street Journal reports that Alltel (AT) is stepping up effortst to sell itself, perhaps to one of the largest phone companies including AT&T (T), Verizon (VZ), or Sprint (S).
The Wall Street Journal writes that Palm (PALM) is working with Morgan Stanley to sell itself or perhaps make an acquisition.
The WSJ also writes that Jamie Dimon the CEO of JPMorgan (JPM) will try to convince investors that the bank can show more internal growth.
The New York Times writes that new technology is getting more oil from old fields which may prevent world supply from peaking soon.
FT reports that Toyota (TM) is investing $500 million in India to double production.
Barron’s reports that TD Ameritrade is its highest ranking broker in this year’s online brokerage survey. Zecco was the bottom ranked broker.
Douglas A. McIntyre
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