According to Reuters, Societe Generale filed its financial information and confirmed its huge trading loss.

Reuters writes that the sale of 3Com (COMS) has come apart because a piece of the company would be sold to a firm in China.

Reuters reports that NIke (NKE) is up against a group of quickly growing local brands in China.

Reuters writes that GMAC has cut 930 jobs in it auto loan operation.

The Wall Street Journal reports that economists fear the return of stagflation.

The Wall Street Journal writes that drug markers are raising prices on some drugs to milk them for profit before their patents expire.

The Wall Street Journal writes that several attorneys general are looking into the marketing of caffinated alcohol drinks and have asked from documents from firms including Anheuser-Busch (BUD).

The Wall Street Joural reports that Apple (AAPL) and Adobe (ADBE) are in a dispute about how soon the iPod will begin to use Adobe’s Flash video player.

The Wall Street Journal writes that T-Mobile is rollin out an internet calling program aimed at replacing home phones.

The Wall Street Journal writes that Google (GOOG) and the Cleveland Clinic are working on a plan to give patients more access to their records.

The Wall Street Journal reports that Google will start to sell video ads on third party sites.

The New York Times writes that the price of oil staying above $100 a barrel is raising economic concerns.

The FT say GE (GE) will clamp down on flaws in its accounting system

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.