Microsoft (MSFT - Get Report) announced plans Monday to record an asset impairment charge of $6.2 billion on its acquisition of aQuantive. Microsoft's 2007 deal for aQuantive was valued at $6.3 billion. The charge is to be recorded in the company's results for the fiscal fourth quarter that ended in June.
The U.S. Justice Department is investigating Chesapeake Energy (CHK - Get Report) and Encana (ECA) for possible collusion in connection with Michigan land deals, a source close to the probe told Reuters. A Reuters report uncovered emails showing the two natural gas companies in 2010 discussed how to avoid bidding against each other in a public land auction in Michigan and in nine prospective deals with private land owners in the state. 10 Bank Stocks You Need to Watch During Earnings Season
Carmakers, including General Motors (GM - Get Report) and Ford (F - Get Report), are expected Tuesday to post U.S. sales results for June. 5 Financial Stocks Ready for Bigger Dividends
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