Today's Headlines

Bloomberg:
- IBM(IBM) and SAP AG(SAP) posted results that topped analysts’ projections, sending the shares higher and signaling that technology companies may weather an economic slowdown better than anticipated.
- Stainless-steel production will expand as much as eight times faster this year than in 2007 as mills replenish stockpiles, research group CRU said.
- Yale University, following Harvard, will cut in half the cost of attendance for families needing financial aid, step up assistance for students for students from households earning as much as $200,000 a year, and trim tuition increases.
- US Home Sales to Reach Bottom in 2008, Bankers Say.
- Fidelity Investments plans to open its Magellan mutual fund to new investors for the first time in more than a decade.
- News Corp.’s(NWS/A) MySpace unit, the largest US social-networking site, agreed with 49 states to adopt a new set of online safety standards to better protect children online.
- The cost of borrowing dollars fell the most in four months before a $30 billion auction by the Fed Reserve as the logjam in money markets eases.
- Sears Holdings Corp.(SHLD), the retailer run by investor Edward Lampert, fell the most in more than six weeks after forecasting profit that will trail analysts' estimates.

Wall Street Journal:
- Motorola Inc.(MOT) hopes to beef up sales to the retail industry with two new kinds of hand-held scanners designed to speed customers through supermarket checkout aisles and make shop-floor assistants more productive.
- EMC Corp.(EMC), the market-share leader in big computer storage systems, said it will start selling flash-memory drives – similar to those in ultra-portable music players – to replace some of the slower disk drives in its most powerful systems.
- Electric-Car Firms Get Star Investors.

NY Times:
- Google(GOOG) Sees Surge in iPhone Traffic.

Seeking Alpha:
- eBay(EBAY) Watch: Overtaking Craigslist, Skype Launches ‘To Go’, Takeover Talk.

MSNBC.com:
- GM’s(GM) CFO Sees No Spread of Subprime to Auto Loans.

Financial Times:
- US Economy Needs More Regulation, Democrat Barney Frank Says.

Tehran Times:
- Five out of 12 Chinese banks that stopped lending to Iran have resumed transactions with the country, citing a trade official.