Filed under: Before the bell, Earnings reports, Deals, Rumors, Apple Inc (AAPL), Hewlett-Packard (HPQ), Ford Motor (F), General Motors (GM), Boeing Co (BA), Intuit Inc (INTU), Barclays plc ADS (BCS), Lehman Br Holdings (LEH)
Before the bell: Futures lower ahead of PPI, after HD earnings
After announcing a deal with France’s Orange last week, and as the June 9 keynote address from Steve Jobs approaches, Apple Inc. (NASDAQ: AAPL) may be finally close to a deal that would add two of Asia’s hottest cellphone carriers, Japan and Korea, to its growing list of international partners. According to reports in Asian news services, Apple is planning a special joint release of the next-generation iPhone with Japan’s NTT DoCoMo and Korea Telecom Freetel. That would leave China as the last massive Asian market without an authorized iPhone carrier.
According to the Telegraph, Barclays (NYSE: BCS) is considering an acquisition of investment banks and looked at Lehman Brothers (NYSE: LEH) and UBS (NYSE: UBS).
The Wall Street Journal reported that Ford Motor Co. (NYSE: F) is slicing production at its Volvo unit, possibly affecting one-third of the workers, in an attempt to cut costs and losses at the upscale Swedish brand. The cut comes amid speculation that Ford is priming Volvo for a sale.
The Journal also reported that there was a breakdown in speaks between General Motors (NYSE: GM) and the United Auto Workers union, which could extend a pricey strike at a Kansas assembly line that makes the profitable Malibu sedan.
An executive in charge of Boeing Co. (NYSE: BA)’s 787 program, said the highly anticipated 787 jetliner is on track for a June “power on” milestone, and subsequent planes are arriving at the final assembly floor in superior and better shape. After three delays, that’ll cost Boeing billions of dollars, powering up the 787 for the first time is a major milestone.
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