Tuesday's Early Headlines
- Apple to Bring iPhone to Verizon: Report -- Apple (AAPL) plans to produce a version of its iPhone that runs on CDMA wireless networks, an indication the device will debut on Verizon's (VZ) wireless network in the U.S., according a report in The Wall Street Journal. The report, citing people briefed by Apple, said Apple is developing the device to run on other networks in the U.S. besides AT&T (T), which has maintained iPhone exclusivity in the U.S. since the product's launch in 2007. In addition, sources told the newspaper that Apple is planning a separate iPhone model update that is likely to be thinner and have a faster processor.
- Case-Shiller, Consumer Confidence Data on Tap -- The Conference Board is expected to say that consumer confidence rose to a reading of 49 in March from 46 in February. The report is due at 10 a.m. EDT. Meanwhile, the S&P/Case-Shiller index, which looks at home prices in 20 major cities, will come an hour earlier at 9 a.m. EDT.
- China Partly Blocks Google Mobile Services -- Google (GOOG) says a week after it stopped censoring its search engine in China, the company's mobile services were being partially blocked, according to a report in The Wall Street Journal. Google stated its mobile services were "partially blocked" on a Web site listing the availability of its Chinese services Monday, the report said.
- GM Says Customers Up, New Products Sold Out -- General Motors Vice Chairman Bob Lutz said that the automaker is seeing customer numbers rise from a year ago and that new products are moving off dealership lots. In an interview with CNBC Tuesday, Lutz said the year-over-year increase is "10% to 15%, maybe 20%," and that GM's new products "are for all intents and purposes sold out."
- Irish Banks in Focus Ahead of Bad Bank Announcement -- Allied Irish Banks (AIB) and other Irish banks were falling Tuesday ahead of a government announcement of another round of bank recapitalizations and the so-called "bad bank" program. The national bad bank will buy toxic assets from struggling banks at a haircut, according to several reports.