According to Reuters, Royal Bank of Scotland is stepping up its pressure on ABN Amro (ABN) to take its bid to buy the company.
Reuters writes that Microsoft (MSFT) surpassed Wall St. earnings expectations on strong sales of Vista.
Reuters writes that Ford’s (F) results beat estimates as it lowered costs and saw profit improvement in several regions.
Reuters also reports that KKR will acquire audio equipment company Harman (HAR).
The Wall Street Journal reports that ExxonMobil’s (XOM) rose 10%.
The WSJ reports that GM (GM) shut down activity at two plants after failing to reach agreements with the UAW.
The New York Times reports that News Corp’s (NWS) MySpace will open a unit in China.
FT reports that Citigroup (C) has closed its deal to buy Japanese bank Nikko Cordial for $13.4 billion.
Barron’s writes that staffing company Robert Half (RHI) has lost 20% of its value in the last year, but, as prospects improve, the stock may be cheap.
Douglas A. McIntyre