WALL STREET JOURNAL: In a move to help turnaround its troubled business, General Electric (GE) will sell or divest its appliance division, and could expect to receive between $5B and $8B for the unit, according to the Wall Street Journal. Potential buyers appliance makers BSH Bosch & Siemens Hausger of Germany and Haier Group of China, as well as private equity firms and Controladora Mabe, GE’s partner in Mexico…The Wall Street Journal also reported that Comcast (CMCSA) will acquire Plaxo, a networking Web site, in an effort to increase its range of services. Terms of the deal were not disclosed…To help improve its Ask.com search engine, the Wall Street Journal reported that IAC/InterActiveCorp (IACI) will buy the Lexico Publishing Group, which owns Dictionary.com, Thesaurus.com and Reference.com…BLOOMBERG: Citing the New England Journal of Medicine, Bloomberg reported that migraine headache medicines, including Merck & Co’s (MRK) Maxalt and GlaxoSmithKline’s (GSK) Imitrex caused potentially fatal reactions in at least 11 people. The Journal said people using “triptans,” an older class of migraine drugs, could develop serotonin syndrome, which may cause fever, shock, vomiting and rapid heartbeat… :the

SINA upgraded to Buy from Hold@SBSH
Citigroup upgraded shares and raised their target to $65 from $42 following SINA’s Q1 results.
SINA upgraded to Buy from Hold@KBRO
Kaufman Bros. upgraded shares to reflect the company’s better than expected outlook and raised their target to $78 from $44.50.

CTRP reports Q1 EPS 27c ex-items vs. consensus of 18c
Reports Q1 revenue $49M vs. consensus of $46.5M.
CTRP target lowered to $65 from $68, maintain Neutral@PIPR
Piper lowered their target following CTRP’s “strong” Q1 results due to increased near-term uncertainty from the earthquake. Piper expects the earthquake and associated negative sentiment to impact Q2 travel market.

Yingli Green Energy-YGE reports Q1 EPS 27c vs. consensus of 17c
Reports Q1 revenue $227.5M vs. consensus of $203.52M.
YGE reaffirms PV module shipment/net revenue for FY08
Based on the current market and operating conditions, estimated production capacity expansion and forecasted customer demand, the Company reaffirms its expected PV module shipment and net revenue targets for the full year 2008 as follows: PV module shipments in the estimated range of approximately 255 MW to 265 MW, which represents a 78.9% to 86.0% increase compared to 2007. Net revenues in the estimated range of approximately $969 million and $1,020 million, which represents a 74.1% to 83.3% increase compared to 2007.

Google China launches new online ad product-ChinaTechNews.com
Google (GOOG) formally released its new online ad product, Google AdSense. The company says that more than one million websites have joined the AdSense network and daily clicks total about 35 billion.