Reuters writes that the ex-ceo of UBS (UBS) wants to breakup the bank.
Reuters reports that News Corp (NWS) has reorganized its internet division.
The Wall Street Journal reports that Microsoft (MSFT) and Yahoo! (YHOO) meet about Redmonds proposed buy-out but made no progress.
The Wall Street Journal writes that Motorola (MOT) will cut 2,600 more jobs.
The Wall Street Journal writes that Northwest (NWA) is raising its fare and fuel fees.
The Wall Street Journal reports that News Corp’s MySpace has begun a music store to compete with Apple (AAPL).
The Wall Street Journal writes that China’s sovereign-wealth fund pledged to increase transparency.
The Wall Street Journal writes that Microsoft will continue to sell its old OS, Windows XP.
The Wall Street Journal reports that Verizon (VZ) and AT&T (T) will use their new spectrum to create super-fast wireless broadband.
The New York Times writes that some investors are buying distressed mortgages and securities in companies that may file Chapter 11.
The FT writes that John Reed, one of the creators of the new Citigroup (C), thinks that creating it ten years ago was a mistake.
The FT writes that there has been a surge of borrowing from the Fed by primary dealers.
Bloomberg writes that the Fed has signaled more cuts due to market stresses.
CENX initiated with a Outperform@BMOC, CENX near a 52 week high and could break out to the upside with help from this upgrade.
AA initiated with a Market Perform, target $37.50@BMOC, very interesting trading yesterday on AA with buyout rumors floating around and unusual option trading recently, Najarian talked about AA recently on CBOE-TV.
T-Mobile cuts price of iPhone to EUR99-Hindustan Times
Ahead of the expected launch of a new model, Deutsche Telekom’s (DT) T-Mobile has decided to cut its price in Germany for the 8-gigabyte version of Apple’s (AAPL) iPhone to EUR99 from EUR399 with a two-year contract from April 7 through June 30. T-Mobile says the 16-gigabyte iPhone will continue to cost EUR499. Apple is expected to soon launch a next-generation 3G iPhone.
This is the first price discount move on iPhone that I have seen and portends to the introduction of the new iPhone 3G and corresponding price cuts on the older models. The price cut will make the iPhone sell like crazy. your not allowed to cut prices like this without AAPl knowing so this was probably given the greenlight by both companies. This news is timed right after RIMM blowout numbers, coincidence? No.
MOS reports Q3 EPS $1.17 vs. consensus of 95c
Reports Q3 revenue $2.1B vs. consensus of $1.92B. The environment for Mosaic’s core Phosphate and Potash businesses looks ‘extraordinary’ despite the recent turbulence in commodity markets.
