Here at the Fool, we've searched high and low across the Web this Tuesday morning to find the biggest news and best stories around. Here are your top five morning reads.
1. CIT Group CEO to resign
CIT (NYSE: CIT ) , which recently announced a second debt restructuring in an attempt to avoid bankruptcy, announced CEO Jeffery Peek plans to resign. (Read more at Yahoo! Finance.)
2. Johnson & Johnson reports, Intel on deck
Health-care giant Johnson & Johnson (NYSE: JNJ ) beat profit projections, but was a bit light on revenues. The next big hitter to report earnings is Intel (Nasdaq: INTC ) , which reports after market close today. The company has upped its guidance recently and should be a good indicator of how the semiconductor industry is rebounding. (Read more at Bloomberg.)
3. The tech buyout train keeps on rolling
Cisco (Nasdaq: CSCO ) announced plans to acquire Starent Networks, a company which provides mobile Internet infrastructure gear, for $2.9 billion. Cisco's turning out to be quite the opportunistic spender; it recently acquired video-conferencing maven Tandberg for a similar figure. (Read more at MarketWatch.)
4. Disney wants to build a theme park in your mall
Disney (NYSE: DIS ) is launching an ambitious plan to rebrand its retail stores. The plan: A high-tech makeover that includes recreational activities geared at keeping kids in the store longer. (Read more at The NY Times.)
5. AIG sheds Taiwan unit
AIG (NYSE: AIG ) unloaded a Taiwan life insurance unit for $2.15 billion. The Taiwanese company has a strong brand and large customer base, but it also may be in need of something AIG itself is in short supply of: more capital. (Read more at Bloomberg.)
And that's your Tuesday morning recap. If you have a chance, please leave other stories in the comments box below. With so many great articles published each day, this is just a slim collection of what's going on in the investing world.
Check Fool.com throughout the day for commentary and analysis on these and other stories. Or you can follow us on Twitter, on Facebook, or through our email digests.
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