Monday's Headlines: Apple

Monday's Early Headlines

• Apple CEO Jobs Had Liver Transplant: Reports. - Apple (AAPL Quote) CEO Steve Jobs, whose health has been of major concern to the company's investors, underwent a liver transplant about two months ago, according to a report in The Wall Street Journal over the weekend. The Apple co-founder, who has been on medical leave since January, had the transplant in Tennessee and is expected to return to work as scheduled later this month, the report said. In addition, two sources confirmed to CNBC that Jobs had the surgery and another confirmed that his plane flew from San Jose to Memphis in late March.
• Xstrata Seeks Merger With Anglo American . - Swiss mining giant Xstrata said Sunday it is seeking a merger with rival Anglo American (AAUK Quote). Xstrata said it "recently sent a written proposal to the board of Anglo American seeking their consideration of a merger of equals of the two companies."
• Federal Reserve Mulls Repo Market Revamp. - The Federal Reserve is considering dramatic changes to the giant repurchase, or repo, markets where banks around the world raise overnight dollar loans, according to The Financial Times. The plans include creating a utility to replace the Wall Street banks that handle transactions, people familiar with the matter told the Times.
• World Bank Cuts '09 Global Forecast. - The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9% and warning that a drop in investment in developing countries will increase poverty. "The global recession has deepened," the Washington-based multilateral lender said in a report.
• Dr. Doom Expects "Significant" Market Correction. - Economist Nouriel Roubini, who earned the nickname "Dr. Doom" for his dour outlook for economy, told CNBC that rising oil prices and interest rates will stifle any economic recovery. "That's why I believe there's going to be a significant market correction for equities, for commodities and even for credit," Roubini said. He did add that recovery signs should come from unemployment, housing, industrial production, sales and consumption data.
• XM Satellite Radio Offers $350M in Notes. - Sirius XM's (SIRI Quote) merger mate XM Satellite radio announced the issuance of $350 million in senior, secured notes. The notes will come due in 2013. In a press release, XM said it will use net proceeds to "repay all amounts outstanding under its amended and restated credit agreement."
• Marvell Tech Raises Revenue Forecast. - Marvell Technology (MRVL Quote) raised its estimate for fiscal second-quarter net revenue to $600 million to $630 million, a sequential increase of 15% to 21% from the first quarter. The chipmaker previously estimated second-quarter revenue at $540 million to $580 million. Analysts surveyed by Thomson Reuters expect second-quarter revenue of $559.3 million.
• T-Mobile to Launch New Google Phone. - T-Mobile USA plans to launch in early August the myTouch 3G, the follow-up to the T-Mobile G1, the first phone powered by Google's (GOOG Quote) Android software.
• Siemens Sees $21B Global Stimulus Orders. - Siemens (SI Quote) expects to receive new orders of about $21 billion in the next three fiscal years until 2012, with orders in the U.S. of about $8 billion, from global stimulus programs. In a statement Monday, the German industrial conglomerate said the orders will be generated by government stimulus programs already announced around the world.

Earnings News

• Walgreen Reports Q3 Results. - Walgreen (WAG Quote) said it earned $522 million, or 53 cents a share, in its fiscal third quarter, down from $572 million, or 58 cents a share, in the year-ago quarter. Revenue rose 8% to $16.21 billion. Analysts were expecting 56 cents a share, according to a survey by Thomson Reuters.