24/7 Wall St.

According to Reuters, Nokia (NOK) said the the ITC has begin an investigation into Qualcomm (QCOM) trade practives and patent infringements.

Reuters writes that Boeing (BA) is estimating that China will need $340 billion in planes over the next 20 years.

According to The Wall Street Journal, IBM (IBM) is launching a free software package on the Wsb. Call Symphony, it has many of the features of Microsoft (MSFT) Office

The Wall Street Journal reports that E*Trade (ETFC) has cut its financial income target by31% as it exits the mortgage business.

The Wall Street Journal writes that Nasdaq (NDAQ) is considering selling a part of itself to a large investor to fund its deal to buy OMX.

The Wall Streett Journal writes that Ford (F) may accelerate cuts if the slowing economy threatens it 2008 and 2009 financial plans.

The Wall Street Journal writes that Facebook will offer grants to developers.

The Wall Street Journal also writes that IACI (IACI) is taking a stake in game developer GarageGames.

The Wall Street Journal writes that the EU court ruling against Microsoft (MSFT) could affect cases against Intel (INTC) and Apple (AAPL).

The Wall Street Journal writes that NY State has sued Merck (MRK) over dangers from its drug Vioxx.

The New York Times reports that Google (GOOG) is starting to sell advertising that works on mobile phones.

The FT writes that Microsoft (MSFT) could face new antitrust probes if it does not comply with an EU antitrust ruling immediately.

The FT reports that AMD (AMD) will launch a new three core chip for PCs.

The FT also writes that Moody’s may change it ratings to include new views of risk in the event that markets become volatile.

Barron’s writes that Adobe (ADBE) out-performed Wall St. expectations for its last quarter.

Douglas A. McIntyre