According to Reuters, the FDA will weigh the risks of GlaxoSmithKline (GSK) diabetes drug Avandia. On Monday, a medical journal reported risks related to the drug.
Reuters writes that Halliburton (HAL) is looking for investors for its Eastern Hemispher projects which could total $80 billion in the next five years.
IBM (IBM) plans to increase its employment in China by 10% a year over the next few years.
The Wall Street Journal writes that Kirk Kerkorian has offered to buy two properties from MGM Mirage (MGM) which could put the entire company in play.
The Wall Street Journal reports that the Shanghai stock index is now up 52% for the year.
The Wall Street Journal writes that Intel (INTC) is working on plans to turn PCs into more reliable tools for business phone calls and teleconferencing.
The New York Times reports that Lowe’s (LOW) backed it annual financial forecast after reporting a disappointing quarter.
The FT says that GE (GE) will slow its acquisitions and plans to return more cash to shareholders.
Barron’s writes that with Alltel (AT) sold, Sprint (S) may be next.
Barron’s also reports that Apple’s (AAPL) TV box may eventually take on set-tops from Motorola (MOT) and Cisco (CSCO).
Douglas A. McIntyre
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