According to Reuters, music publisher EMI says it has been approached by a number of firms about a buy-out.
Reuters writes that Clear Channel (CCU) has rejected a bid from several private equity firms.
Reuters reports that Starbucks (SBUX) rose sharply with revenue up 20%.
Reuters reports that Blackstone is among the suitors for GM’s (GM) Allison unit.
The Wall Street Journal reports that investigators told Siemens (SI) that its auditor KPMG has not been doing enough to bring up improprieties.
The Wall Street Journal also reports that Intel (INTC) plans to enter three new markets: It will develop semiconductors for new varieties of hand-held gadgets, consumer-electronics products and portable computers for emerging economies.
The Wall Street Journal also reports that Nokia (NOK) is now designing phones that are directed at the huge market in India.
The New York Times reports that a Dutch court blocked the sales of ABN Amro’s (ABN) US unit, LaSalle Bank.
The FT reports that US car makers are using discounts on premium options packages to lure buyers. This effort is in place of cash rebates.
Barron’s reports that IndyMac has been knocked down by mortgage woes, but the bank has a large dividend which may draw investors.
Douglas A. McIntyre
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