Wall St. Brief: Google’s CEO Refutes Health RUMORS, RIM Ready for Earnings
Sony (NYSE:SNE) and Panasonic (NYSE:PC) have agreed to a TV deal that has them developing new production technology for large-screen LED display panels. The rival’s partnership comes as both companies are facing difficult financial times including record annual losses.
Google Inc.’s (NASDAQ:GOOG) CEO Larry Page calmed fears of potential health issues by assuring employees via e-mail there’s “nothing seriously wrong” with him. This came after news that Page will miss the Google I/O developer’s conference and July’s second quarter earnings call. This is due to a lost voice which got rumors going about his health.
As Research in Motion (NASDAQ:RIMM) readies to announce its first quarter earnings this week, there’s talk its trying to sell its BlackBerry business. According to the Sunday Times, the options include selling to Amazon (NASDAQ:AMZN) or Facebook (NASDAQ:FB); either selling or opening up its messaging systems to Apple (NASDAQ:AAPL) or Google (NASDAQ:GOOG); or keeping the company as is and selling a big share to Microsoft (NASDAQ:MSFT).
Anheuser-Busch InBev (NYSE:BUD) is reportedly nearing a $10 billion-plus deal to buy the remaining half of Mexico’s Grupo Modelo. In addition to Modelo, the family-controlled company produces Corona and Pacifico beers. It argued against the 2008 Anheuser-Busch sale to Belgium’s InBev, which gave it a noncontrolling stake in Modelo.
Samsung (SSNLF.PK) keeps the optimism coming with the potential sales of its new Galaxy S III phone. In July, it expects sales of 10 million units, designating it as the company’s fastest-selling smartphone. Samsung has also forecast that its second quarter earnings in its handset division will surpass the first quarter’s numbers.