According to Reuters, Apple’s (AAPL) forecast for its next quarter disappointed Wall St. sending shares down 13%.
Reuters writes that Texas Instruments (TXN) posted higher profits.
Reuters reports that Big Oil’s rally may be threatened by the recession.
Reuters reports that the head of PepsiCo (PEP) says that comfort food sales will not be hurt by the recession.
Reuters writes that Microsoft (MSFT) and Dell (DELL) will jointly market computers with part of the sales price going to donating AIDS-fight drugs in Africa.
The Wall Street Journal writes that the government’s stimulus plan could be broadened.
The Wall Street Journal writes that Starbucks (SBUX) will test a $1 cup of coffee.
The Wall Street Journal writes that a turnaround at Sears (SHLD) may include a spin-off of its real estate holdings.
The Wall Street Journal writes that the fall in the stock market could kill some LBO deals like those for Clear Channel and BCE.
The New York Times writes that Ambac (ABK) is looking for alternative financing after posting a large loss.
The New York Times writes that more than half of Wal-Mart’s workers have enrolled in its healthcare plan.
The FT writes that some officials are telling sovereign funds that they should adopt a common code for disclosures as they invest in overseas companies.
Barron’s reports that STMicro (STM) reported in line earnings.
Bloomberg writes that an investment strategist concludes that stocks need to drop 4% more to price in a recession.
Douglas A. McIntyre
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