US Airways (LCC) and private-equity firm TPG Capital may team up to bid for AMR (AAMRQ.PK), the parent of American Airlines, Reuters reported, citing people familiar with the discussions.
Ciena (CIEN - Get Report), the networking equipment company, is expected by analysts Thursday to post a fiscal second-quarter loss of 3 cents a share on revenue of $447 million. Deutsche Bank is looking for a beat from Ciena on the top line with revenue of $450 million.
Jury selection begins Thursday in a trial between Hewlett-Packard (HPQ - Get Report) and Oracle (ORCL - Get Report) to settle a dispute over a software contract. Oracle last year decided to stop making its database software for some HP server systems, The Wall Street Journal noted. The move involves HP servers that use Intel's (INTC) Itanium processors. HP is going to trial to try to force Oracle to keep making software for the Itanium servers.
TiVo (TIVO - Get Report) on Wednesday posted weak first-quarter results and second-quarter guidance. The digital video recording company posted a loss of 17 cents a share on revenue of $67.8 million. Service and technology revenue came in at $54.5 million. Analysts were expecting a loss of 15 cents a share on $54.89 million in service and technology revenue. For its fiscal second-quarter, TiVo said it expects service and technology revenue to be between $53 million and $55 million and projects a net loss of $28 million to $30 million. Analysts expect revenue of $56.5 million and a loss of $27 million.
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