Newspaper wrap-up 3-12-07: Google testing television advertising
Posted Mar 12th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Citigroup Inc. (C), Teva Pharm Indus ADR (TEVA)
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MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported on Saturday, citing people familiar with the matter, that Google Inc (NASDAQ: GOOG) has begun a test run of serving TV commercials to cable subscribers in Concord, California. The move, said the Journal, could change the way TV ads are sold and delivered.
- According to the Financial Times (subscription required), Citigroup Inc (NYSE: C) is expected to announce an agreement with Nikko that will give them "effective control" over the company's core business even if they fail to win shareholder support.
OTHER PAPERS:
- The Telegraph reported that ABN Amro Holdings (NYSE: ABN) is expected to "throw a bone" at activist hedge funds that are trying to get the company to break-up or sell itself, by promising a special dividend and minor disposals next month.
- Globes reported that Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) has obtained two FDA marketing approvals for its Abbreviated New Drug Application.
- Investor's Business Daily's "The New America" column mentioned Cynosure Inc (NASDAQ: CYNO), which makes anti-aging products, positively, saying the company appears to be well positioned as the "skin rejuvenation" market takes off.
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