According to Reuters, Microsoft’s (MSFT) Steve Ballmber said his company will not bid for Yahoo! (YHOO).
Reuters writes that HP’s (HPQ) operating margin rose to 10% in the last quarter.
Reuters writes that Lehman (LEH) will cut 1,300 jobs.
Reuters reports that GM (GM) reaced a deal with striking worker in Kansas.
Reuters reports that another hedge fund joined Carl Icahn’s bid to controll Yahoo!.
The Wall Street Journal writes that AIG (AIG) ex-CEO Hank Greenberg may face SEC charges.
The Wall Street Journal writes that Time Warner (TWX) plans to spin-out Time Warner Cable (TWC) and get a $9.25 billion dividend in the process.
The Wall Street Journal writes that its new editor will be Robert Thomson, the paper’s former publisher.
The Wall Street Journal writes that Barnes & Noble (BKS) is considering a bid for Borders (BGP).
The vice-chairman of the Fed said that the economy is still in rough shape.
The Wall Street Journal writes the the slowdown has taken its toll on Target’s (TGT) earnings.
The Wall Street Journal writes that CBS (CBS) will stream more of its shows on the internet.
The New York Times writes that several forecasts say the worst is ahead for the US economy.
The New York Times writes that Merck (MRK) has agreed to a settlement over its Vioxx advertising.
The New York Times writes that shoppers are sticking to buying only basics.
The New York Times reports that Honda (HMC) will sell a new gas-electric car next year.
The FT writes that a bug in a computer model caused Moody’s (MCO) to rate certain debt with its top ratings.
The FT writes that AIG (AIG) plans to raise $20 billion.
Bloomberg reports that hedge funds using swaps are facing a four-fold rise in junk bond defaults.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
