Accordng to Reuters, AT&T closed it $86 billion to merge with BellSouth, overcoming early FCC resistance.
Reuters writes that Apple restated earnings due to options backdating but stood by CEO Steve Jobs.
Retuers reports that workers at Goodyear have approved a three-year labor pact.
The Wall Street Journal writes that DaimlerChrysler has signed a deal with Chinese auto company Chery to make small cars for the large German-based auto concern.
The New York Times reports that Chines web portal Sohu.com was ordered to pay $140,000 for distribution of movies from US studios.
The FT reports that YouTube’s failure to complete its anti-piracy software has hurt Google’s chances to cut deals with key content providers.
Barron’s reports that the new AT&T/BellSouth faces increased competition from cable, flat revenue and increased expenses which will put pressure on its stock price.
Douglas A. McIntyre
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