According to Reuters, Qualcomm (QCOM) posted weaker that expected guidance and its shares fell sharply.
Reuters writes that BHP Billiton’s (BHP) bid for Rio Tinto (RTP) is likely to start a bidding war for the company.
Reuters writes that profits were up at Disney (DIS) on strength at theme parks and at ESPN.
The Wall Street Journal writes that Merck (MRK) is about to settle most of the Vioxx claims against it for $4.85 billion.
The Wall Street Journal writes that Sprint (S) and Clearwire (CLWR) cancelled an agreement to cooperate on a nationwide WiMax network.
The Wall Street Journal writes that ratings agencies are preparing to downgrade hundreds of mortgage-related investments.
The New York Times writes that Ford (F) will keep its Volvo unit.
Barron’s writes that Nvidia (NVDA) sees strong revenue growth in the next quarter.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
