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
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