According to Reuters, US Steel (X) will buy Canadian steel company Stelco for $1.1 billion.

Reuters writes that Singapore’s state-owned Temasek Holdings has approached Nasdaq (NDAQ) about buying its stake in the London Stock Exchange.

The Wall Street Journal writes that India’s Tata Group may bid for Ford’s (F) Jaguar and Rover brands.

The Wall Street Journal reports that virtualization, pioneered by VMWare (VMW), is now moving to the PC using new technology from Pano Logic.

The Wall Street Journal reports that show company Crocs (CROX) will diversify into clothing.

The New York Times writes that Nokia (NOK) will relaunch its NGage which combines a multi-player phone with standard voice features.

The FT reports that the Saudis have set up a 35.000 person force to guard their oil fields

The FT writes that Intel (INTC) will launch a new version of its vPro platform, a combined chip and software product that makes it easier for companies to manage secure computing networks.

The FT writes that Wal-Mart (WMT) is setting up acquisition group in the US market to potentially buy companies with stores smaller than the ones it operates now.

Barron’s reports that a well-known economist has suggested that Google (GOOG) is recession-proof.

Douglas A. McIntyre

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