According to Reuters, Oracle (ORCL) posted strong earnings and offered a robust outlook for its business.
Reuters writes that Barclays (BCS) has sued Bear Stearns (BSC) over losses in two hedge funds controlled by the US company.
Reuters reports that Burger King (BKC) is expected to expand more rapidly overseas.
Reuters writes that Texas Instruments (TXN) see analog chip sales doubling in the next seven years.
The Wall Street Journal writes that Pfizer (PFE) is being sued over illegally pushing up Lipitor sales by a misleading education program for doctors.
The Wall Street Journal writes that Activision has raised its outlook again.
The Wall Street Journal reports that S&P downgraded ACA Financial’s credit rating to junk status, rendering billions in guarantees effectively worthless.
The Wall Street Journal writes that Nike (NKE) posted good results driven by international sales.
The Wall Street Journal reports that Motorola (MOT) is aiming its marketing in China and people under 30.
The New York Times writes that after a presentation about SLM by its CEO, the stock fell sharply.
The FT writes that Netsuite has doubled the price ofits IPO.
Barron’s writes that, despite an increase in their value, shares in Noble Corp are stil cheap.
Bloomberg writes that mobile phone spending in the US hit record levels lead by purchases of the RIM (RIMM) Blackberry and Apple (AAPL) iPhone.
Douglas A. McIntyre
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