According to Reuters, Google’s (GOOG) quarterly profit rose 46%.
Reuters writes that Warren Buffett has sold his entire stake in PetroChina (PTR)
Reuters writes that Microsoft (MSFT) says that its may make a number of small M&A deals but does not plan any blockbuster acquisitions.
The Wall Street Journal writes that Bear Stearns (BSC) is being investigated by Massachusetts regulators over whether the firm improperly traded with two in-house hedge funds that collapsed
The WSJ writes that CItigroup (C) has brought in enought funding through year end for the $80 billion in SIVs it manages, a move that helps it avoid selling assets at distressed prices
The WSJ writes that AMD’s (AMD) large loss narrowed some from the second quarter,indicating that chips price wars may be ending.
The WSJ writes that GM’s (GM) overseas sales have offset a drop in US units so far this year.
The New York Times writes that a fund meant to bail out big banks with large pools of troubled securities is having trouble as participants fight over details.
The New York Times writes that the appetite among media companies to buy tech start-ups is rising. Some are setting up their own venture arms.
The New York Times also reports that the BBC will lay-off 2,500 people.
The FT writes that "Halo 3" drive a big gain in US video game sales.
The FT writes that crude rose above $90 a barrel.
Barron’s writes that several brokerage houses raised their price targets on Google (GOOG)
Douglas A. McIntyre