According to Reuters, Nestle has paid $5.5 billion to buy Gerber Foods from Novartis (NVS).
Reuters writes that IBM (IBM) has developed a new chip stacking technique to make microprocessors faster and more energy efficient.
Reuters reports that CostCo (COST) says that comparable store sales rose 6% in March.
The Wall Street Journal reports that Relational Investors has taken a 1% position in Sprint (S) and is calling for changes at the company.
The Wall Street Journal also reports that CBS (CBS) is close to closing a deal to put its video programming at large websites including Yahoo! (YHOO), Microsoft (MSFT) MSN and TimeWarner (TWX) AOL. The network is also signing a deal with peer-to-peer video site Joost.
The WSJ reportst that Google (GOOG) is testing a voice search based technology to replace existing 411 products. Microsoft (MSFT) is entering the same business.
According to The New York Times, Amgen (AMGN) will delay its earning for four days to include new data on its drug Aranesp.
The FT says that News Corp (NWS) social network site MySpace is blocking some photos from huge photo-sharing site Photobucket because it is making money on ads in the photo shows.
Barron’s says that shares in Humana (HUM) look risky as the stock trades near its high and the government looks to cut Medicare costs.
Douglas A. McIntyre
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