According to Reuters, Dell (DELL) suffered drops in both revenue and earnings sending the stock down after hours. Dell said its recovery might take several quarters.

Reuters writes that Google (GOOG) is in a dispute with the SEC over tax matters.

Reuters reports that GM’s (GM) February car sales rose while those of Ford (F) and Chysler (DCX) fell. Sales at Toyota (TM) were also up.

Reuters reports that profits at Sears (SHLD) rose with stronger results at its Sears and K-Mart stores.

The Wall Street Journal writes that late payments at mortgage firm Countrywide (CFC) reported a sharp rise in delinquent payments in a document filed with the SEC.

The WSJ reports that Nabors (NBR) found that its had misdated options including some to the CEO.

The New York Times writes that Wal-Mart (WMT) plans to reposition itself with a new slogan, “Saving people money so they can live better lives.”

The New York Times also writes that Google (GOOG) YouTube is cutting deals with hundreds of small sites that want video distribution to its large number of users.

FT reports that Viacom (VIA) is saying that its decision note to partner with YouTube is paying off as traffic to its large video sites like MTV is rising.

Barron’s reports that a Nokia (NOK) executive says that the company expects huge growth in Smartphones but that the Apple iPhone (AAPL) lacks features that will make it a hit.

Barron’s also reports that UBS analysts are making the case that Microsoft (MSFT) should buy Yahoo! (YHOO) to see if its can improve its online business.

Douglas A. McIntyre

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