According to Reuters India’s Tata is about to close a deal to buy Jaguar and Rover from Ford (F).
Reuters writes that the IMF says that the subprime mortgage problem will slow growth in the US and Europe.
The Wall Street Journal writes that Merrill Lynch (MER) is in talks with Singapore’s Temasek Holdings about a $5 billion investment.
The Wall Street Journal reports that Chrysler is in a severe financial situation and may have to sell assets.
The Wall Street Journal writes that profits at RIM (RIMM) more than doubled in the last quarter.
The New York Times report that several studies about risks of cholesterol drug Zetia where not released by Merck (MRK)
Barron’s reports that the heir apparent at Cicso (CSCO) has left to join a private equity firm.
CNN Money writes that Campbell sold Godiva chocolates for $850 million
Douglas A. McIntyre
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