According to Reuters, Microsoft (MSFT) believes that it can bring in billions of dollars as businesses shift from traditional phone service to VoIP using its software.
Reuters writes that investors in Japanese brokerage firm Nikko are likely to sell their shares to Citigroup (C).
The CFO of Philips, the big electronics and manufacturing firm, said that it should hit its financial targets for the year.
The Wall Street Journal writes that a number of companies have admitted back-dating options after the Sept 11 stock market plunge.
The New York Times writes that the head of the FCC is skeptical about Sirius (SIRI) and XM (XMSR) keeping rates low after their merger.
The New York Times says that Microsoft (MSFT) is introducing a new search technology called Mix that it say willl improve results from searches on the internet and on PCs.
The New York Times reports that the head of DaimlerChrysler (DCX) claims that breaking up Chrysler would be difficult because its parts are so closely intergrated.
The New York Times also reports that the buy-out of Clear Channel (CCU) is becoming a contest among several large investors who differ on the value of the company.
The FT writes that US regulators will make AT&T (T) allow investors to make a non-binding vote on pay to its senior executives.
Barron’s writes that some stocks dropped more than the market recently and may be bargains. These include Dell (DELL) and Nokia (NOK).
Douglas A. McIntyre
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