According to Reuters, oil price moved toward $120 on fear for supply interruptions.

Reuters writes that Chrysler is trying to sell two of its North American plants.

Reuters reports that many Wall St. analysts believe that Microsoft (MSFT) will launch a hostile bid for Yahoo! (YHOO).

Reuters writes that Continental (CAL) will not merge with United (UAUA).

Reuters writest that the Fed will probably cut rates but pause from any further reductions.

Reuters reports that Qantas will raise fare due to higher fuel prices.

The Wall Street Journal writes that Berkshire Hathaway (BRK) and Mars are near at $22 billion to wuy Wrigley (WWY).

The Wall Street Journal reports that China may begin to launch satellite for foreign countries.

The Wall Street Journal reports that AMD (AMD) is making a push for getting more small business customers.

The Wall Street Journal writes that profits at China Life (CHL) fell 61%.

The Wall Street Journal writes that Big Oil should report huge profits this week.

The New York Times writes that Google (GOOG) is releasing new software for better image recognition.

The FT writes that investors are pulling huge finds out of large mutual funds.

Douglas A. McIntyre

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