According to Reuters, US stock indices entered a bear market phase.
Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) are exploring media tie-ups with other internet companies..
Reuters reports that The Weather Channel may be sold within the next few days.
Reuters reports that Lehman (LEH) will pay mid-year bonuses to employees in stock.
Reuters reports that Chevron (CVX) says supply worries are drving oil prices
The Wall Street Journal writes that Abbott’s (ABT) drug coated stent has been approved.
The Wall Street Journal writes that Nvidia (NVDA) warned on profits.
The Wall Street Journal writes that United Health (UNH) will pay $912 million to settle suits.
The Wall Street Journal reports that Microsoft (MSFT) began to offer a subscrition based version of Office.
The New York Times reports that AMR (AMR) announced big job cuts.
The New York Times writes that more firms are pulling Asian IPOs as the market weakens.
The FT writes that the Nikkei’s run of losses is the longest in 40 years.
Bloomberg writes that an interest rate rise in Europe could drive oil prices higher.
Douglas A. McIntyre
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