According to Reuters, Mozilla, which makes the main alternative to Microsoft’s (MSFT) Internet Explorer browser, is setting up an office in China to set up a fight in the world’s second largest online market.
Ericsson (ERIC), the world’s largest provider of cell phone infrasturcture, indicated that its 2007 figures would be below many forecasts, Reuters wrotes.
Nissan’s profits fell on weak US sales, according to Reuters.
The Wall Street Journal reports that gas producing countries including Russia and Iran are considering building an "OPEC-like" cartel.
The WSJ also writes that an investor lawsuit accues Dell (DELL) of improper accounting with its major chip partner, Intel (INTC).
The WSJ writes that drop-offs in January sales at Ford (F) and GM (GM), helped bring down US car sales by 4.6%.
The WSJ also writes that British Airways (BAB) net profit fell 12%.
The Wall Street Journal writes that the net at Amazon (AMZN) fell by half on tax considerations, but revenue rose 34% in Q4.
The New York Times reports that Comcast’s (CMCSA) profits rose by 3x as consumers flocked to its triple play of TV, phone and broadband.
The NYT reports that results at Boston Scientific (BSX) were hurt by merger costs with Guidant and that the upcoming year may be difficult because of volatility in the sales of heart stents.
FT reports that Exxon (XOM) reported the largest corporate profit for a year in US history. Q4 results were off slightly.
FT also reports that Disney (DIS) has sold 1.3 million movies on Apples (AAPL) iTune service.
Barron’s reports that Amazon’s (AMZN) stock was pressured after hours on concerns that 2007 margins may be squeezed.
Barron’s also reports that CA (CA) reported results ahead of forecasts and raised expectations for 2007.
Douglas A. McIntyre
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