Before the bell: Futures lower on UPS warning, oil, ahead of Fed meeting,NYSE Euronext (NYSE: NYX) will pay $250 million in Qatar's Doha stock exchange, the Doha Securities Market (DSM), in return for a 25% stake. It makes sense for NYX to expand into the Middle East as that region is becoming more financially influential.
Nokia (NYSE: NOK) is paying $410 million to buy out the rest of Symbian, a maker of operating systems for mobile phones. This move, announced just as Google (NASDAQ: GOOG) said its Android system will be delayed, could help Nokia as it becomes more entrenched in the marketplace. While Microsoft's (NASDAQ: MSFT) Windows Mobile operating system is Symbian's closest rivals, its still new kid Apple Inc. (NASDAQ: AAPL)'s iPhone that captures the interest of many.
United Airlines (NASDAQ: UAUA) said Monday it will cut about 950 pilot jobs out of its 6,600 pilots beginning this summer. The airline has already announced cutting 1,600 salaried positions and reduce its fleet. UAUA shares, already sliding nearly 15% Monday, continue to decline in premarket trading as airlines will likely stay in focus.
General Mills (NYSE: GIS) increased the quarterly dividend to 43 cents from 39.25 cents, payable Aug. 1 to holders of record July 10.
According to The Wall Street Journal, Google Inc. (NASDAQ: GOOG) is planning to unveil, as soon as today, a new tool that measures Internet usage by using data from Web servers. The tool will help advertisers find out what sites its target audience visits and display/buy their ads there.
Toyota Motor Co. (NYSE: TM) may not be able to meet its target for vehicles sold in the U.S. in 2008. Toyota originally intended to sell more cars this year than in 2007, but in light of the the economic slowdown, this may not be feasible. Toyota will review its sales targets in July.
Toyota Motor Co. (NYSE: TM) may not be able to meet its target for vehicles sold in the U.S. in 2008. Toyota originally intended to sell more cars this year than in 2007, but in light of the the economic slowdown, this may not be feasible. Toyota will review its sales targets in July.
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