Newspaper wrap-up 1-11-07: Federal minimum wage raised

Posted Jan 11th 2007 9:44AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Dell (DELL), Wal-Mart (WMT), Viacom (VIA), MasterCard Inc'A' (MA)

MAJOR PAPERS:

The Wall Street Journal had news on EW Scripps (NYSE: SSP), Dell Inc (NASDAQ: DELL), Wal-Mart Stores Inc. (NYSE: WMT) and Congress.

E.W. Scripps is considering splitting off its newspaper operations. It owns papers in 18 markets, which account for about 30% of company revenues.

The head of Dell's commercial business group will retire in March and the unit will be divided into two separate businesses.

Wal-Mart said the number of workers enrolled in its health plan increased slightly this year.

The House of Representatives passed a $2.10 increase in the federal minimum wage, to take place over the next two years in three 70 cent increments.

The Financial Times reported that Cerberus is considering a $36B offer for Equity Office Properties (NYSE: EOP).

OTHER PAPERS:

The Detroit Free Press reported that Valeo (OTC: VLEEY) will not rule out buying Visteon Corp. (VC) or parts of Delphi Corp. (OTC: DPHIQ).
Website GameDaily.com wrote that Viacom Inc's (NYSE: VIA) MTV Networks is in talks to acquire 1Up.com from Ziff Davis Media.
The Investor's Business Daily's "New America" column wrote that Visa's plans to go public should take some of MasterCard Inc.'s (NYSE: MA) advantage in the stock market.