According to Reuters Shell will pay $353 million to settle an overbooking scandal involving its reserves.
Reuters writes that LG Philips results moved up more than expected in Q1.
The Walls Street Journal writes that DaimlerChrysler (DCX) will meet with bidders for the Chrysler unit but the meetings will not include Kirk Kerkorian.
The Walll Street Journal reports that Nasdaq (NDAQ) is in talks to buy the Philadelphia Stock Exchange which would give it a large foothold in the options business.
The WSJ reports that earnings at Alcoa (AA) grew 8.9% on increased global demand for aluminum.
The WSJ also reports that Erbitux a drug from Bristol-Myers (BMY) and ImClone (IMCL) is not effective in treating pancreatic cancer.
The New York Times reports that Viacom (VIA) will use Yahoo! (YHOO) search and text ads across its internet properties.
FT reports that Sony (SNE) is in talks to use its PS3 in networks for corporate computing needs.
Barron’s reports that Wall St.’s opinion of Intel‘s (INTC) prospects as its rival AMD (AMD) faces financial and market problems.
Douglas A. McIntyre
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