According to Reuters, the US economy was stronger that first throught for the third quarter. GDP growth was revised up to 2.2%.
Reuters writes that US Air will meet with Delta’s creditors today in an attempt to buy the bankrupt airline.
Reuters writes that AMD has unveiled three chips for PC “power users” who tend to set early trends in purchasing. The move is to counter Intel’s newest computer chips.
Reuters writes that GM has made a pledge that it will continue to develop and then market plug-in hybrid cars.
Reuters writes that former AIG chairman Hank Greenberg is trying to convince Morgan Stanley to participate in a buy out of The New York Times Company.
The Wall Street Journal writes that a new study says that Wall St. is losing its competitive edge because of heavy regulation.
The Wall Street Journal says that real estate firm SL Green may up its bid for Reckson, but will not match a bid by rival investors.
The Wall Street Journal also writes that 38,000 workers from Ford have taken the company’s buy-out offer.
The Wall Street Journal also reports that Tivo narrowed its loss in the last quarter but that results will be hurt in the next due to customer cash in rebates.
The Wall Street Journal also says that Europe cell phone giant Vodafone will start putting advertising on customer phones. The deal will be done in cooperation with Yahoo!
The New York Times writes that kidney experts are questioning whether patients are being overtreated with anemia drugs. The study could hurt sales of products from Amgen and Johnson & Johnson.
The New York Times also reports that Huffington Post, a political blog, will start hiring full-time reporters to cover Congress and the next presidential race.
Douglas A. McIntyre.
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