Bloomberg:
- Carl Icahn, the billionaire activist investor, offered to pay $2.31 billion for the 84% of auto-parts maker Lear Corp.(LEA) that he doesn’t own.
- CBS Corp.’s(CBS) telecast of the Indianapolis Colts’ Super Bowl victory over the Chicago Bears last night earned the game’s highest rating in seven years.
- State Street(STT) agreed to buy Investors Financial Services(IFIN) for $4.5 billion, intensifying consolidation in the trustee-funds industry.
- Almost half of children ages 10 to 17 said they saw pornography online in the year before they were surveyed, a study says.
- US economic growth may slow to 2.7% this year, helping inflation to decelerate further, the White House predicted in its 2008 budget proposal.
- Apple Inc.(AAPL) ended a legal dispute with the Beatles over rights to use the Apple name and logos, potentially clearing the way for the company to distribute the group’s music through its iTunes online store.
- US women aged 30 and older are having babies at the highest rate since 1964, while teenagers are having fewer than ever, a study showed.
- Jim Rogers, who predicted the start of the commodities rally in 1999, said more hedge funds may collapse after the demise of Amaranth Advisors LLC and a report of losses by metals-trading hedge fund Red Kite Management Ltd.
- Crude oil is falling .40/bbl. on speculation that US fuel stockpiles are sufficient to meet demand.
- Shares of Verenex Energy, a Canadian explorer, jumped to a record after the discovery of an oil field in Libya, the holder of Africa’s largest reserves.
- The cost of hiring oil tankers will fall for the next two years as a rush of new vessels enters service, forcing owners to compete on price, McQuilling Brokerage Partners said.
Wall Street Journal:
- Simon Property Group and hedge fund Farallon Capital Management made a $1.56 billion offer for Mills Corp.(MLS), topping a $1.35 billion agreement with Brookfield Asset Management.
- CCMP Capital Advisors and GS Capital Partners agreed to buy Triad Hospitals(TRI) for $4.7 billion in cash.
- Apple Inc.(AAPL) has advised some iPod and iTunes users to delay upgrading their computers to Windows Vista because iTunes software might not work well with the new Microsoft Corp.(MSFT) operating system, citing Apple.
American Metal Market:
- Red Kite Management Ltd. holds most of the aluminum inventories tracked by the London Metal Exchange. Red Kite may hold about 90% of total LME-monitored stockpiles with help from an unnamed trading company. The metals hedge fund’s aluminum trading position is probably “illiquid.”
Financial Times:
- The bidding contest for Equity Office Properties Trust(EOP) between Blackstone Group LP and Vornado Realty Trust(VNO) shows how much more private-equity firms might bid if challenged.
Financial Times Deutschland:
- SAP AG’s sales in the US will rise more than 15% this year, citing Bill McDermott, the company’s head of Americas.
Bild:
- BASF AG CECO Juergen Hambrecht has demanded a binding worldwide agreement to reduce polluting emissions. The consumption of heating oil could be cut to three liters per square meter from the current level of about 25 liters with the help of triple-glazed windows and insulated facades.
London-based Times:
- Buido Mantega, Brazil’s finance minister, said his country wants to develop joint projects with British companies to bring ethanol to the UK.
Kathimerini:
- Cyprus could have significant oil deposits in at least two years, citing studies for the Cypriot government. A huge deposit called Eratoshenes was found south of the island and another has been identified in the Kylikeia basin, stretching from the shores of northern Cyprus to the coast of Turkey.
La Republic:
- Intel Corp.(INTC) Chairman Craig Barrett expects the health-care market for microchips to expand.
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