According to Reuters, Microsoft (MSFT) posted a 79% increase in proffits.
Reuters writes that Alan Greenspan says the US is not yet in a recession.
Reuters reports that the CEO of Sony (SNE) says sales are good this quarter.
Reuters writes that that head of Burger King (BKC) says "It is a very counter-cyclical industry."
Reuters reports that the top bidders in the FCC spectrum auction put up $2.4 billion.
The Wall Street Journal writes that sovereign funds and their US financial targets have used lobbiests to keep government interference down.
The Wall Street Journal writes that Ford’s loss highlights how long the road to profit will be.
The Wall Street Journal reports that Nintendo’s profits surged due to sales of the Wii and DS.
The New York Times writes that The Wall Street Journal intends to continue to charge for its online edition.
The FT writes that private equity firms are thinking of starting their own bond insurers to compete with MBIA (MBI) and Ambac (ABK).
Barron’s writes that Broadcom (BRCM) beat Wall St EPS estimates.
Bloomberg reports that there are rumors financiar Wilbur Ross will take over Ambac.
Douglas A. McInyre
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