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.
Tags: dell, delphi, dphiq, financial times, FinancialTimes, ft, ibd, ma, mastercard, mtv, newspaper, periodical, scripps, ssp, vc, via, viacom, visa, visteon, wal-mart, wall streetjournal, WallStreetjournal, walmart, wmt, wsj
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