Bloomberg:
- American scientists plan to create a human clone using stem cells, a feat that Korean scientists faked. US researchers at Harvard University and in California said they first will create “cloned” human embryos in the lab by combining women donors’ egg cells with DNA provided by other adults. The scientists will then isolate and extract stem cells from the embryos.
- Palm Inc.(PALM), whose Treo phone and e-mail devices have taken market share in the US, is now trying to crack Europe.
- US 10-year Treasury note yields rose to 5% for the first time since June 2002.
- General Electric(GE) said first-quarter profit rose 14%, driven by demand for jet engines, health-care services and financing.
Wall Street Journal:
- Pop star Michael Jackson, acquitted last year on child-molestation charges, may be forced to sell half of his 50% stake in a music publishing catalog that included 251 Beatles songs to Sony Corp.(SNE) as part of a loan refinancing agreement.
- Rules introduced by the SEC last year to stop “naked shorting” haven’t stopped the practice.
- Finish Line(FINL) will debut a new chain tomorrow that it hopes will appeal to affluent women, instead of its customer base of young males.
Daily Deal:
- SanDisk(SNDK) is considering an unsolicited bid for Lexar Media(LEXR).
Washington Post:
- Terrorists are beginning to worry about their online privacy and security.
NY Times:
- Owners of Nascar automobile racing tracks are building more luxury condominiums as the market for trackside housing heats up.
- Medical diagnostics, increasingly using sophisticated genetic and protein tests, is turning into a high-profit business.
NY Post:
- Morgan Stanley(MS) created a team of in-house bond traders to wager the firm’s own money, creating a potential conflict with hedge-fund clients.
Financial Times:
- Alan Greenspan said the US would probably alter parts of Sarbanes-Oxley corporate governance law that are discouraging companies from tapping US markets.
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