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According to Reuters, Nestle bought Novantis’s medical food unit for $1.5 billion.
Reuters writes that Qantas is being bought by private equity interests for $8.7 billion.
Reuters reports that Costco’s quarterly profit was up 10%
The Wall Street Journal writes that Chrysler’s inventory gluy has caused it to stop production in several plants.
Reuters writes that Sony has affirmed its projection to ship 2 million Playstation 3 units by the end of the year and 6 million by the end of next March.
The Wall Street Journal writes that commodity’s regulators plan to bring a case against BP for trading in gas futures in 2002.
The Wall Street Journal also reports that Monster Worldwide will have to restate nine years of financials because some of its management intentionally backdated options.
The Wall Street Journal also writes that HP CEO Mark Hurd is being questions about exercising stock options before news of the company’s board scandal was released.
The Wall Street Journal reports that Google is courting advertisers to use its new platfroms for radio and newspaper buying.
The New York Times reports that Merck won a major Vioxx suit in New Orleans.
The FT reports that GE has won a $1 billion Saudi gas turbine job.
Douglas A. McIntyre
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