According to Reuters, DaimlerChrysler (DCX) has confirmed it is in talks to sell its Chyrsler unit.
Reuters writes that Citigroup (C) is facing pressure from large Nikko Cordial shareholders as they offer their shares in the brokerage on the open market.
The Wall Street Journal writes that the CEO of US Trust is leaving. The bank was recently purchased by Bank of America (BAC).
The Wall Street Journal reports that the buyout of The Tribune Company (TRB) raises questions about how its will pay its $12 billion in debt.
The WSJ also reports that a fired Wal-Mart (WMT) employees says that he was part of a system to spy on employees, company critics, stockholders, and the press.
The WSJ writes that Sony (SNE) has cut prices on its Playstation portabl device.
The New York Times reports that Asia automakers did well again in March US sales with Toyota’s (TM) sales up 7.7% and sales at GM (GM), Ford (F), and Chrysler (DCX) down.
The NYT also reports that DoubleClick will set up an advertising auction system that will work like the Nasdaq to match buyers and sellers of ads.
FT reports that the merged NYSE (NYX) and Euronext exchanges will target the derivatives markets.
FT reports that Nasdaq will offer a China equities index based on 30 Chinese stocks.
Barron’s reports that shares in Amvescap look cheap. The company appears to have a good mix of assets to position it for growth.
Douglas A. McIntyre
T
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