According to Reuters, GM (GM) will being to source more car parts from India. The company is also aiming to have a 10% market share in automotive sales in the country.
Reuters wirtes that Adobe (ADBE) is considering buying back shares instead of making more acquisitions.
Reuters reports that GM’s minivan joint venture in China is targeting 20% growth this year to maintain the No.1 position in the market.
The Wall Street Journal writes that Time Warner (TWX) management is considering cutting its stake in Time Warner Cable in the face of competition from the internet.
The WSJ reports that Intelsat, the large commercial satellite company, is for sale and could bring $6 billion from private equity interests.
The WSJ also writes that an effort by Cerberus to buy auto parts company Delphi cannot make progress because of resistance from the UAW to wage cuts.The standstill could ultimately hurt the chances that the hedge fund would buy Chrysler (DCX).
The WSJ writes that Intel (INTC) will begin to put multiple functions on its chips. These systems-on-a-chip products are aimed at taking more share from AMD (AMD).
The WSJ also reports that growth in wireless income is helping AT&T (T) and Verizon (VZ) offset drops in their traditional wireline businesses.
According to The New York Times, Yahoo! (YHOO) is expanding its effort to sell advertising for online versions of newspapers by adding 264 new papers.
FT writes that the head of Sony (SNE) said that Playstation 3 sales in Europe are doing exceedingly well.
Barron’s reports that Amazon (AMZN) wants to grow its business of providing back-end services to internet firms.
Douglas A. McIntyre
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