Stocks: (HD)(AAPL)(GS)(HPQ)(YHOO)(IBM)(EBAY)(GE)
According to Reuters, Home Depot has bought Chinese home improvement retailer The Home Way.
Reuters writes that GE Aviation has reached a $550 million deal with Shanghai Airlines.
Reuters also writes that sales of Apple’s iTunes dropped sharply in the first half of 2006.
The Wall Street Journal reports that UAL and Continental are discussing a possible merger.
The WSJ also reports that the net at Goldman Sachs rose 93% to $3.15 billion.
The WSJ writes that management at Hewlett-Packard has said that the company will continue agressive cost cutting.
The WSJ reports that IBM and Yahoo! have entered into a joint venture to distribute free software to search both the web and files on PCs.
The New York Times says that Ebay unit Skype will start charging $30 a year for some of its VoIP services that are currently free.
FT reports that GE has forecast slower profit growth for 2007.
Douglas A. McIntyre
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