H-P in talks to acquire EDS; deal could be worth up to $13B

Date: Mon, 12 May 2008 17:08:35 -0400
H-P in talks to acquire EDS; deal could be worth up to $13B

SAN FRANCISCO
Hewlett-Packard Co. confirmed Monday that it is in "advanced
discussions" to acquire technology services giant Electronic Data
Systems Corp. The deal could be wroth up to $13 billion, according to a
report in the Wall Street Journal.

Chinese authorities push up death toll from Sichuan quake

China is reeling from its most severe earthquake in more than 30 years,
with authorities ratcheting up the death toll in the hours after the
quake hit the Sichuan province to more than 8,500, at last count.

Market Snapshot: U.S. stocks pull solidly higher amid reports of HP deal
for EDS

U.S. stocks step firmly higher, gaining on news that bond insurer MBIA
revised its first-quarter earnings report to show positive revenue, and
with investors also taking heart from oil coming off record highs.

RIM shares hit all-time high on launch of 3G BlackBerry

Research in Motion unveiled its first 3G version of its popular
BlackBerry device Monday, following weeks of speculation about how the
mobile-phone maker would broaden its product line to compete against a
potential onslaught from the iPhone.

Overseas growth, value-hunting to lift Wal-Mart: analysts

International growth and penny-pinching U.S. consumers seeking value are
expected to help bolster first-quarter results at the world's largest
retailer and discounter.