According to Reuters, media reports indicate that GM (GM) will not make a bid for the Chrysler unit of DaimlerChrysler (DCX)
Retuers reports that Hewlett-Packard (HPQ) is suing PC company Acer in a move to keep its PCs out of the US. The patent case alledges that Acer uses intellectual property for "optical data storage, circuits and methods for reducing computer system power consumption, multiple processors in computer systems, and an improved method for attaching devices to a digital serial bus, which allows communication between electronic systems "
Reuters writes that the federal government is looking into potential fraud at homebuilder Beazer (BZH).
The Wall Street Journal writes that ad firm DoubleClick may be acquired for $2 billion with Microsoft (MSFT) as a potential suitor.
Microsoft (MSFT) has introduced a high-end version of its Xbox, aimed at the Sony (SNE) Playstation 3. The new machine will have more storage and connections for high-definition digital video, according to WSJ
The Wall Street Journal reports that LG will install Google (GOOG) mobile software on millions of its handsets sold in the US, Europe and Asia.
The Wall Street Journal writes that a court in Illinois handed Merck (MRK) a victory in a Vioxx lawsuit.
The WSJ also writes that online video sites have still not figured out a way to make significant money from advertisers.
The New York Times reports that Wal-Mart (WMT) has written off plans to open a store in New York City after a protracted legal battle.
The New York Times reports that the head of the UAW insists that it will not give any more concessions to US car companies.
The NYT writes that Yahoo! (YHOO) will offer unlimited storage to its 250 million e-mail users.
FT writes that Bear Stearns (BS) CEO was paid $40 million in 2006.
Barron’s writes that Broadcom (BRCM) should be in for better times as it takes advantage of large market opportuniites like cellphone handsets.
Douglas A. McIntyre
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