According to Reuters, Reuters (RTRSY) and Thomson are in talks that would offer Reuters shareholders over $17 billion for the company. It would create the world’s largest financial information supplier.
Reuters writes that Carl Icahn apparently lost his bid for a seat on the Motorola (MOT) board.
Reuters also reports that Alcoa’s (AA) bid for Alcan (AL) for $27 billion would create the largest aluminum company in the world.
Reuters also reports that AT&T (T) is going to have to spend $1 billion more than planned to set up its TV to the home service.
The Wall Street Journal reports that Deutsche Bank (DB) had a 30% increase in profits due to robust capital markets demand for its services.
Johnson & Johnson (JNJ) is pulling its new coated stent product do to poor test results, according to WSJ.
The WSJ writes that Sun Micro (SUNW) has developed complex versions of its Java code to run smart phones in the hopes of making money in that market.
The Wall Street Journal also writes that Disney (DIS) will provide programming from its ABC and ESPN units to Cox, the large cable operator, as long as the ads within the programming cannot be skipped.
The New York Time reports that the chief editor of The Wall Street Journal knew about News Corp’s bid but decided not to print the news.
The board of Clear Channel (CCU) will hold up a vote on a takeover to allow potential buyers to submit new bids.
FT writes that News Corp’s (NWS) interactive unit is near a deal to by online photo site Photobucket.
Barron’s writes that shares of Apple (AAPL) may have risen yesterday because Jim Cramer recommended the stock on CNBC.
Douglas A. McIntyre
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