24/7 Wall St.

According to Reuters, Amazon’s (AMZN) sales and earnings rose and the stock was up almost 20% after hours.

Reuters writes that the CEO of XM Satellite (XMSR) will step down next month.

Reuters writes that Honda (HMC) quarterly sales moved up and its raised guidance for the rest of the year.

Reuters reports that Microsoft (MSFT) has signed a deal with Electronic Arts (ERTS) to put advertising into some of hte game publisher’s most popular video games.

The Wall Street Journal writes that Chrysler’s bankers are beginning to discuss the chances that they cannot raise all $20 billion in loans being sought from investors.

The Wall Street Journal writes that investors are concerned that mortgage company CountryWide (CFC) cannot shield itself from the deteriorating market in home loans.

The Wall Street Journal writes that Nintendo’s profits rose four-fold in the last quarter and it raised its full-year guidance.

The New York Times writes that Toyota (TM) is testing a plug-in hybrid which would compete with products from GM (GM).

The FT writes that SAC Capital, the huge hedge fund, is considering selling 20% of itself to private interests.

The FT reports that the former CFO of YouTube will take the same position with social network site MySpace.

Barron’s reports that RF Micro Devices (RFMD) guided above Wall St. expectations.

Bloomberg reports that the short interest in Baidu (BIDU) is rising as its stock price goes up and Google (GOOG) presses to take more market share from its in China.

Douglas A. McIntyre