According to Reuters, the Fed is expected to keep interest rates where they are after its two day meeting.
Reuters writes that Ebay (EBAY) Paypal customers in Europe are close to reaching the 35 million level.
Reuters writes that Yahoo! (YHOO) plans to aggressively ramp up its news service in China to try to gain market share.
Reuters also writes that China Mobile’s (CHL) net profit grew 23% in 2006, beating analyst estimates.
Reuters reports that Pfizer (PFE) said that its three patents for its Celebrex arthritis treatment where upheld after a challenge from generic drugmaker Teva Pharmaceutical (TEVA). Teva cannot launch a generic version of the drug before 2015.
Reuters reports that Medtronic (MDT) won a case in which Biomet (BMET) claimed that Medtronic’s multi-axial pedicle screw products infringed on its patents
The Wall Street Journal writes that sales of CDs have dropped 20% so far this year, and digital sales of music have not entirely replaced the demand for music. Some of the drop is due to pirated music.
The Wall Street Journal also writes that Citigroup (C) and HSBC (HBC) could make bids to rival Barclay’s (BCS) attempt to merge with ABN Amro.
Oracle’s (ORCL) net rose 35% as its successfully integrated several acquisitions, according to WSJ.
Sam Zell is still in talks to buy The Tribune Company (TRB).
The New York Times reports that Google (GOOG) is testing an advertising system where clients only pay for results.
FT writes that the CBOT has delayed a key vote on its merger with the CME.
Barron’s writes that CMGI is still trading at a low price even though the company’s turnaround efforts appear to be very successful.
Douglas A. McIntyre
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