MARKET CURRENTS

real-time news and commentary for investors

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STP, TAN

8:21 AM Suntech (STP) CEO Zhengrong Shi says if Europe follows the U.S. in levying punitive tariffs on Chinese solar panel imports, it could deal a "lethal" blow to the industry. Beyond words, China signals it may retaliate against the tariffs, saying U.S. government backing for six clean energy projects in China had violated WTO rules and acted as barriers to trade. Comment!
GOOG

8:05 AM France's data-protection agency, CNIL, accuses Google (GOOG) of stonewalling in its investigation of the company's new privacy policy, which was implemented despite CNIL asking Google for a delay. The agency says Google's answers to a questionnaire are "are often incomplete or approximate," and has given it a new one to fill in. 1 Comment
SNE, SHCAY.PK

5:43 AM Sony (SNE) will dissolve its LCD joint venture with Sharp (SHCAY.PK) by selling its entire stake in Sharp Display Products Corp. In return, Sony will get ¥10B ($125.8M), the same price it paid in when it started the JV. Comment!
DTEGY.PK, DTEGF.PK

5:33 AM Deutsche Telekom (DTEGY.PK) tells shareholders a complete sale of its T-Mobile USA unit is unlikely, and that "we must find other ways to increase the return on our capital, or reduce our capital investment." Comment!

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DJIA (DIA) S&P 500 (SPY)

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