According to Reuters, Microsoft (MSFT) lost a key patent suit to Alcatel-Lucent (ALU). The court awarded the telecom equipment company over $1.5 billion.
Reuters writes that H&R Block (HRB) posted a loss pulled down by it sub-prime lending unit.
Reuters also reports that Wal=Mart (WMT) is close to a deal with India’s Bharti Enterprises for a retail joint venture.
The Wall Street Journal reports that Nymex could make a stock offering valued at over $1 billion. The company’s stock is up sharply since its IPO.
The WSJ writes that DaimlerChrysler (DCX) is making key financial data on Chrysler available to a few select bidders.
Genentech (DNA) may suffer a drop in earnings as a survey about its cancer drug Avastin shows that half of the recommended dose is as effective as the current suggested level.
The New York Times reports that CBS (CBS) has reached a deal with nine cable operators to carry its content.
FT reports that US hedge funds are facing a call for new guidelines from some quarters of the government.
Barron’s writes that shares in BEA Systems (BEA) fell after hours on a poor outlook for future quarters.
Douglas A. McIntyre
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