Filed under: Before the bell, Deals, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), General Electric (GE), Time Warner (TWX), Coca-Cola (KO), Motorola (MOT), Toyota Motor Corp. (TM), Target Corp. (TGT), Johnson and Johnson (JNJ), Amgen Inc (AMGN)
Before the bell: Futures decline as dollar reaches new lows; Carlyle fund near collapse
Target Corp (NYSE: TGT) said on Wednesday that it is in speaks with an investment partner to sell some credit assets, namely credit-card receivables, for about $4 billion. Target’s shares were up 1.7% in after-hours trading.
Microsoft (NASDAQ: MSFT) and General Electric (NYSE: GE) will be holding analyst meetings.
Amgen Inc. (NASDAQ: AMGN) and Johnson & Johnson (NYSE: JNJ) meet Thursday with regulators who will think about limiting the use of their anemia drugs after studies found they increase the danger of death and tumor growth in cancer patients.
Time Warner (NYSE: TWX)’s AOL said Thursday it will acquire social media network Bebo — one of the largest social networks in Britain which has total global membership of more than 40 million — for $850 million in cash.
Apple Inc. (NASDAQ: AAPL) was sued Wednesday over patent infringement allegations. Atlanta-based ZapMedia Services Inc. accused Apple of violating two ZapMedia patents regarding its iTunes on the web music store and iPod music players, both, it claims are using patented method for distributing digital media over the Internet. ZapMedia wants royalties on Apple’s sales of iPods and iTunes music, which reached nearly $11 billion last year.
Meanwhile, more rumors surrounding the iPhone, this time it is said to be going x86.
Google Inc. (NASDAQ: GOOG) is testing a new service called Ad Manager that’ll give Web site publishers more control over their ad sales and ad serving.
Toyota’s (NYSE: TM) president acknowledged the company’s rapid global growth was partly the reason for its quality problems in recent years as it experienced a shortage of experts.
Coca-Cola Co (NYSE: KO) CEO said he company anticipates to achieve strong global growth this year, helped by expansion in emerging markets and a weaker dollar.
Carl Icahn filed a voting proxy on Wednesday to elect four outsiders to Motorola Inc (NYSE: MOT)’s board.
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