According to Reuters, talks between Time Warner’s (TWX) AOL and Yahoo! (YHOO) and Microsoft (MSFT) are heating up.

Reuters reports that GM (GM) is confident that it can compete even after making large cuts.

Reuters reports that the SEC has issued emergency rules to curb short selling.

Reuters writes that Intel (INTC) profits rose, supported by notebook sales.

Reuters reports that Toyota (TM) will cut its 2008 sales goals by 3.6%.

Reuters writes that Intel faces more antitrust charges in Europe.

The Wall Street Journal reports that the heads of Bear Stearns and Lehman (LEH) have questioned whether Goldman Sachs (GS) put pressure on their share prices.

The Wall Street Journal writes that Lehman needs to sell off troubled assets and cut a strategic deal with a larger firm.

The Wall Street Journal reports that Sprint (S) and SK Telecom are discussing joint ventures to develop handsets and other technology.

The Wall Street Journal writes that Sony (SNE) will offer a video downloading service for PS3.

The Wall Street Journal reports that the use of coated stents to treat heart disease is on the rise.

The Wall Street Journal reports that the profit view for US companies is likely to stay poor into 2009.

The Wall Street Journal writes that cuts in GM’s ad spending are likley to have ripples across the industry.

The Wall Street Journal reports that Sun (JAVA) lowered its earnings projections.

The Wall Street Journal reports that Boeing (BA) is sticking to its goal for launching the Dreamliner.

The New York Times reports that Google (GOOG) and Yahoo! defended their ad alliance before Congress.

The FT reports that J&J’s (JNJ) profits were lifted by consumer demand.

Bloomberg writes that UBS (UBS) is trying to appease clients with a $3.5 billion auction rate securities buy-back.

Bloomberg reports that Fannie Mae (FNM) and Freddie Mac (FRE) may eliminate dividends.

Douglas A. McIntyre

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