- MannKind Corp. (NASDAQ:MNKD) CEO Alfred E. Mann appeared on CNBC Monday, telling viewers the company is investing in inhalable insulin, aiming to gain market share Pfizer (NYSE:PFE) didn't. Mann says PFE didn't focus on the right areas to succeed in the inhaled insulin market. He also believes MNKD will prevail over Eli Lilly (NYSE:LLY). Mann epects to file for approval at the end of 2008 for its inhalable insulin product. Shares shot up 11%.
- Toronto Dominion (NYSE:TD) fell suddenly Monday morning on rumors of writedown concerns. Earlier, the Globe and Mail reported TD and Commerce Bancorp (CBH) are amending their $8.5B takeover deal in order to appease shareholders that have filed lawsuits, alleging TD was not paying enough for Commerce.
- Rio Tinto (RTP) may be considering an offer for Xemplar Energy after Xemplar revealed what is believed to be one of the world's largest uranium deposits.
- Kaufman Bros. says Warner Brothers (NYSE:TWX) Friday move to use Blu-Ray as its exclusive high definition format is a positive for DTS (NASDAQ:DTSI) and Dolby (NYSE:DLB), which receive royalties on every Blu-Ray player sold.
- Some analysts expect Apple's (NASDAQ:AAPL) Steve Jobs to throw his support behind Sony's Blu-ray disc format at Jan. 15 MacWorld.
- U.S. wireless carrier customers of Samsung saw slowing cellphone sales at the end of Q4. CEO Bill Ogle isn't sure if the slowdown was due to customer contract expirations or economic concerns. U.S. carrier customers include AT&T (NYSE:T), Verizon Wireless (VZ, VOD) and Sprint Nextel (NYSE:S).
- Business Standard reports that Daimler AG (DAI) is set to buy 26% of bus body builder Sutleg Motors. Daimler denies the reports.
- Answers (NASDAQ:ANSW) is working with Nokia (NYSE:NOK) to give Nokia Series 40 and S60 device users access to Answers' collection of over 4 million answers.
- Amazon.com (NASDAQ:AMZN) has quietly launched a new software download service that allows customers to purchase and download software directly from its site.
- Reliance Communications [RCom] gave Symantec (NASDAQ:SYMC) a multi-million dollar deal to overhaul its existing IT systems.
- The FCC appears to be close to approving the $19.5B private-equity takeover of Clear Channel (CCU-OLD). Consent has been given by three FCC commissioners; others are expected to follow. High-level discussions are underway between CCU’s private equity buyers and their financiers as to whether room exists to change financing terms.
- Southwest Airlines (NYSE:LUV) will boost revenue by charging customers an additional $25 for a third piece of luggage, and even higher fees for each piece above three.
- Smith & Nephew (NYSE:SNN) is under investigation over allegations it was involved in a kickback scheme in Iraq.
- Finish Line (NASDAQ:FINL) may have to shut stores or even divisions if forced to complete its $1.5B takeover of Genesco (NYSE:GCO). CEO Alan Cohen says he's taking a "wait and see" approach as to whether UBS (NYSE:UBS) will be forced to finance the buyout.
- Seagate (NASDAQ:STX) will produce one terabyte drives aimed at the digital video recorder market.
- Sybase (SY) could see further pressure from its largest shareholder, Sandell Asset Management, as the firm is likely moving too slowly in its review of strategic alternatives.
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