Bloomberg:
- Ford Motor(F) and General Motors(GM), seeking to boost sales, want the federal government to force NY and California to let solo drivers of their hybrid vehicles join those of Honda and Toyota cars in highway carpool lanes.
- Iranian President Ahmadinejad, who said last month his country has successfully produced nuclear fuel, has written a letter to President Bush proposing new ways to ease tensions over Iran’s nuclear program.
- Apple Computer(AAPL) won a trademark dispute with the Beatles over the use of the apple name and logo on its iTunes music store.
- China’s government settled most of its wrong-way bets on copper as the metal climbed to a record this year, extending its losses to hundreds of millions of dollars.
- Thermo Electron(TMO) agreed to buy Fisher Scientific International(FSH) for $10.6 billion to become the largest supplier of lab equipment form beakers to sterilizers.
- Intel Corp.(INTC) separated the production of memory chips from other processors, signaling the company may be preparing to jettison its memory unit.
- Crude oil is falling $1.44/bbl. to a three-week low of $68.75 on easing tensions with Iran as US supplies approach 9-year highs and gasoline demand wanes.
Wall Street Journal:
- University of California officials said on May 5 that they will restart human cloning work. Advanced Cell Technology Inc. also said it will announce cloning plans soon.
- Multigig Inc., a closely held California company, says it has come up with a new way of synchronizing silicon-chip operations, a move that it says could reach a 75% power savings.
- Charles Koch, chairman and CEO of Kansas-based Koch Industries, said requirements such as Sarbanes-Oxley audit rules hinder publicly traded companies and will lead to more takeovers by closely held companies.
- US health experts from the Food and Drug Administration, Centers for Disease Control and Prevention and National Institute of Allergy and Infectious Disease are to meet Thursday in Atlanta to focus on deadly infections that may have been caused by the RU-486 abortion pill.
- The US Centers for Disease Control and Prevention plans to recommend that doctors provide voluntary HIV tests as a part of routine medical care for all patients in the US between the ages of 13 and 64.
- Several US investment banks have begun offering advice and funding to activist hedge funds, encouraged by Lazard’s role advising Carl Icahn in his effort to split up Time Warner(TWX).
- ValueClick(VCLK) and aQuantive(AQNT), two Internet ad companies, almost agreed to merge in recent days.
- Microsoft(MSFT), Google(GOOG) and Yahoo!(YHOO) are striking deals with wireless phone providers including AT&T(T) and Vodafone Group(VOD) to extend their search engines to cell phones.
LA Times:
- Walt Disney(DIS) won’t renew its decades-long cross-promotional agreement with McDonald’s(MCD) in part because of concern about childhood obesity.
NY Times:
- The Forbes family, publishers of the NYC-based Forbes financial magazine, is talking to investors as it considers expanding its publishing ventures into Europe and online.
- (IBM) plans to introduce software tools, academic programs and support for outside developers today as part of its efforts to add customers and programmers for its mainframe unit.
NY Post:
- A group of media companies is developing a 24-hour children’s television network that won’t show commercials for junk food and other products that have drawn objections from parents.
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