Reuters writes that shares of Starbucks (SBUX) hit an 18-month low on concerns about growth.
Reuters reports that the State of New York sued Dell (DELL). Reuters writes that "the suit alleges that Dell and its financial services unit engaged in deceptive practices to sell computers".
Reuters writes that Sony (SNE) suffers a 68% drop in profits for its 06/07 fiscal year caused primarily by loses at its game unit. It projected that profits would be $3.7 billion in the current year.
Reuters writes that the UAW is near a deal with parts supplier Delphi. A new contract could help bring the company out of Chapter 11.
The Wall Street Journal reports that News Corp (NWS) MySpace will expand its video offerings with content from The New York Times and National Geographic.
The Wall Street Journal writes that Oracle (ORCL) agreed to buy Agile Software (AGIL) at a 14% premium.
The Wall Street Journal reports that XM (XMSR) suspended two of its most popular hosts due to unsavory comments.
The Wall Street Journal writes that Japanese car markers are trying to catch the early sales leaders in China which include GM (GM) and Volkswagen.
The New York Times writes that Motorola (MOT) has released a line of new phones aimed at the high end of the market.
FT reports that a fund controlled by Ed Lampert, the head of Sears, has taken an $800 million stake in Citigroup (C).
Barron’s reports that Wyeth (WYE) is still a big pharma value play.
Douglas A. McIntyre
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