According to Reuters, Carlos Ghosn will give up his responsibilities for the US and will focus on overseas markets for Nissan and Renault. Nissan is doing poorly in its home market.
Reuters writes that lender Accredited Home (LEND) will sell $2.7 billion of its loans at a sharp discount.
Reuters writes that the IntercontinentalExchange Inc has made a $9.9 billion bid to buy buy futures market CBOT Holdings Inc.
Reuters writes that Imperial Tobacco has made a $15.2 billion bid for Gauloises and Fortuna cigarette maker Altadis.
The Wall Street Journal writes that Cisco (CSCO) will buy video-conferencing company Webex (WEBX) for $3.2 billion.
The Wall Street Journal writes that shares in IPO Big Band Networks (BBND) rose 31% in their first day of trading.
The FT writes that Cadbury has become a takeover target now that it is dividing its North America drinks and confectionery operations.
Barron’s reports that shares in coal stocks are oversold. "
Shares of some of the leading mining companies, including Peabody Energy and Consol Energy, have fallen along with coal prices. But the long-term picture remains strong."
Douglas A. McIntyre
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