According to Reuters, nearly half of the investors in Take-Two Interactive (TTWO) have put together a slate of directors to oust the current board and management.
Reuters reports that Exxon (XOM) plans 25 new exploration projects over the next three years.
Reuters writes that 3M (MMM) has filed a patent lawsuit against Sony (SNE) and Lenovo claiming infringement of lithium-ion battery-related patents
Reuters reports that Oracle (ORCL) has shown no momentum in its efforts to market Linux-based products.
The Wall Street Journal writes that GM (GM) does not expect consolidation in the US car industry despite losses and overcapacity.
The Wall Street Journal writes that several stent makers inlcuding Boston Scientific (BSX) and Johnson & Johnson (JNJ) are working on next-generation coated stents. The current products have been attacked for causing health problems.
The WSJ reports that Sony (SNE) has created the ability for users of its game platform to create a 3D community that works through its PS3 in the hopes of increasing sales.
The New York Times reports that a fed survey shows a slowdown beginning in some regions.
The New York Times writes that Express Scripts (ESRX) bid for Caremark RX (CMX) may be slowed by regulators.
Barron’s write that Merrill Lynch sees revenue from Oracle (ORCL) in the current quarter at the low end of the projected range.
FT reports that according to a Bank of America report, China has passed the US in auto production buildng 5.2 million cars in 2006 versus 4.4 million in the US.
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks