According to Reuters, UPS is launching a service that will allow customers to re-route packages while they are in transit.
Reuters writes that Intel (INTC) has made a final decision to build at $2.5 billion plant in China.
Reuters also reports that Reuters (RTRSY) and CME will launch a global forex trading platform.
Reuters also writes that Porsche has increased its stake in VW to almost 31 %.
The Wall Street Journal reports that Citigoup may be ready to fire 15,000 employees and take a $1 billion charge.
The Wall Street Journal writes that bare metal stents do not reduce heart attacks in patients with chronic chest pain who are bing managed by medication.
The WSJ reports that IBM (IBM) is releasing a new chip prototype chip using optical connections that increases data moving among chips by as much as 8x.
The WSJ also reports that Boeing, burned in the last big build-up of jet orders, is increasing capacity slowly.
Several large drug companies are working on a competitor to Plavix, a drug from Bristol-Myers and Sanofi-Aventis.
The New York Times writes that a drop in ad revenue this year has put newspapers in a difficulat position again.
The New York Times reports that heart drug Natrecor from Johnson & Johnson did not work in the population used for a study of the medication.
FT reports that Twitter, a new tech company, allows users to blog from cell phones.
The FT also reports that Saudi petrochemcial company Sabic is putting together a $12 billion bid for GE plastics.
Douglas A. McIntyre
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