According to The Wall Street Journal, GE (GE) is taking bids for its plastics unit which it hopes to sell for $10 billion.
According to Reuters, Sprint (S) offered a mediocre outlook for 2007 and its shares dropped 8%.
According to Reuters, Microsoft (MSFT) may challenge Apple’s (AAPL) iPhone with a cell phone version of it Zune portable media player.
According to Reuters, Cisco (CSCO) will focus its M&A activity on small companies and not direct rivals.
The Wall Street Journal writes that Apple will announce its iPhone cellular device and it will work on the Cingular phone network controlled by AT&T (T).
According to the WSJ, Gap (GPS) is considering strategic alternatives including the sale of the company.
The WSJ writes that the head of procurement at Wal-Mart (WMT) has resigned amidst poor same-store sales at the large retailer.
The New York Times writes that Express Scripts (ESRX) is trying to stop a takeover of its rival Caremark Rx (CMX) by CVS (CVS).
The NYT writes that Yahoo! (YHOO) has released a mobile version of some of its services to try to take a lead in the wireless search and information markets.
FT writes that Japanes new lending law will force Citigroup (C) to take a charge of $370 million and close branchs.
Barron’s writes that insiders at Vornado Realty sold $184 million worth of stock in Q4.
Douglas A. McIntyre
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