According to Reuters, management from Cerberus Capital met with Chrysler (DCX) about potentially buying the company from Daimler.
Reuters writes that Citigroup (C) has bid $10.75 billion for Japanese brokerage Nikko Cordial.
Reuters reports that VW is targeting a 20% market share in China, through its two joint ventures, within two to three years.
Reuters also writes that A&P (GAP) will buy its rival Pathmark (PTMK) for $679 million.
The Wall Street Journal reports that RIM (RIMM) said that options accounting errors would cost the firm $250 in earnings charges.
The WSJ writes that a Wal-Mart (WMT) worker was dismissed for intercepting communications between a PR employee at the company and a reporter at The New York Times.
The WSJ also reports that a Congressional panel is looking into use of stents for purposes outside those set up by the FDA. Boston Scientifc (BSX) and Johnson & Johnson (JNJ) were asked to submit marketing material and clinical trial data.
The New York Times writes that Microsoft (MSFT) has attacked Google (GOOG) over its use of content with copyrights from other companies. The criticism targeted video and book content.
Barron’s writes that ThinkEquity believes that it may be time to by shares in RIM (RIMM) now that its options probe is behind it.
FT reports that the CEO of Yahoo! (YHOO) received a $25.7 million bonus for 2006.
Douglas A. McIntyre
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