According to Reuters, management at Nokia (NOK) said that the sales goals for the Apple (AAPL) iPhone are not very ambitious.

Reuters reports that Ebay (EBAY) is buyong online ticket broker StubHun for $310 million.

Reuters reports the Infosys, India’s second largest software exporter, reported a 51% increase in third quater profits, but the stock fell  due to higher expectations.

Reuters writes that profits at biotech firm Genentech (DNA) rose 75% on strength of rising demand for cancer drugs.

The Wall Street Journal writes that Blackstone may fact a rival for its $20 billion bid for real estate firm Equity Office Product (EOP)

WSJ also writes that US Airways (LCC) has raised it hostile bid for Delta to $10.3 billion

WSJ reports that Cisco (CSCO) has sued Apple (AAPL) of the iPhone trademark.

Scripps (SSP) is considering spinning off its newspaper division and keeping its cable programming group.

The New York Times reports that GM’s (GM) future may depend significantly on how its does in China, its second largest market.

The New York Times reports that Sony’s (SNE) PS3 sales in Japan fell far short of expectation.

FT reports that analysts are questioning whether the new Apple iPhone is actually any threat to smartphones from Palm (PALM) and Research In Motion (RIMM).

Barron’s reports that ethanol and solar energy stocks could continue to be hot in 2007, naming SunPower and VeraSun Energy as two of the firms.

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.