According to Reuters, Google (GOOG) is entering an agreement with Echostar (DISH) to sell and measure advertising on the satellite TV company’s channels.

Reuters writes that Pepsi (PBG) will double its workforce in China over the next five years.

Reuters also writes that investor Sam Zell won the bidding for The Tribune Company (TRB) and will sell its baseball team, the Chicago Cubs.

The Wall Street Journal writes that the EU plans to open an investigation into pricing of Apple‘s (AAPL) iTunes.

FT reports that takeover talks between TXU (TXU) and Blackstone Group have fallen apart.

Barron’s reports that Lehman Bros. has trimmed earnings forecasts for Texas Instruments (TXN) and sees a slow recovery for the company.

Douglas A. McIntyre