According to Reuters, DaimlerChrysler (DCX) intends to build two plants for its Chrysler division to manufacture more fuel-efficient cars. The cost of the plants will be about $3 billion.

Reuters reports that earnings at Yahoo! (YHOO) fell 11% sending the stock down sharply.

Reuters also reports that Intel’s (INTC) quarterly profit rose.

Reuters also writes that IBM‘s (IBM) profits rose on improved results from software and services.

Reuters also reports that Yahoo!’s CEO things that some advertisers could leave DoubleClick over concerns that it will be owned by Google.

Reuters also reports that ConocoPhillips (COP) plans to be an active partner in developing “Iraq’s prized West Qurna oilfield with Russian giant LUKOIL .”‘

Reuters also writes that L’Oreal’s shares hit a six year high on strong Q1 profits.

The Wall Street Jounal writes that Vonage (VG) called bankruptcy one of its options after losing patent litigation to Verizon (VZ).

The Wall Street Journal reports that Johnson & Johnson (JNJ) earnings got a lift from the purchase of Pfizer’s (PFE) consumer health division.

The Wall Street Journal reports that Coca-Cola (KO) reported strong earnings but must now try to improve falling North American sales.

The Wall Street Journal also writes that with job cuts in Europe and increased investment in China and India, GM (GM) is planning to move more investment to fast developing markets.

The Wall Street Journal announced that Google (GOOG) will release a tool that keeps copyrighted material from being uploaded onto YouTube.

The New York Times reports that two private equity firms have raised their bid for Clear Channel (CCU)

The New York Times reports that Bell Canada parent BCE (BCE) is in talks with pension funds about going private.

FT reports that Intel’s new chips gave its an advantage over AMD (AMD) in Q1 and helped improve the larger company’s margins.

Barron’s writes that two overseas telecom companies are growing quickly and may outperfom many peers in other countries Brasil Telecom Participacoes S.A. (BRP) and America Movil S.A.B de C.V.(AMX),

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.