According to Reuters, Volvo will by the truck unit of Ingersoll-Rand for $1.3 billion.
Reuters writes that Toyota (TM) will build an SUV plant in Mississippi to keep up with rising demand.
Reuters reports that Wal-Mart (WMT) will spend $1 billion to take over the Chnese retailer that runs Trust-Mart in that country.
The Wall Street Journal writes that Union leaders in Europe and the US are trying to have some say in the terms of the sale of Chysler, but division between them may hamper the effort.
The WSJ writes that the largest video game maker, Electronic Arts (ERTS), has named a new CEO.
The WSJ reports that Apple (AAPL) has delayed it iTV product until mid-March. It was to launch in February.
The WSJ also writes that AOL (TWX) is in talks to buy mobile advertising firm Third Screen Media.
The New York Times writes that GAP is closing down its Forth & Towne brand.
FT reports that IBM (IBM) will launch new software for corporate "jamming", a way for thousands of people to participate in corporate communications online.
Barron’s reports that a group of Adelphia bond holder will attempt to block the company’s bankruptcy, which would delay the spin-out of some of Time Warner Cable to the public.
Douglas A. McIntyre
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