Newspaper wrap-up 4-27-07: Citigroup acquires Nikko Cordial
Posted Apr 27th 2007 9:00AM by Eric Buscemi
Filed under: Newspapers, Magazines, eBay (EBAY), Amazon.com (AMZN), Citigroup Inc. (C), Archer-Daniels-Midland (ADM), Rio Tinto plc ADS (RTP)
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MAJOR PAPERS:
- The Wall Street Journal's (subscription required) "Heard on the Street" column speculated that the stock of Fiat SpA ADR (NYSE: FIA), which has been a remarkable turnaround story, may be running out of gas.
- The Financial Times (subscription required) reported that Citigroup Inc (NYSE: C) announced that it has completed a $13.4B takeover Nikko Cordial, Japan's third largest brokerage firm.
OTHER PAPERS:
- Canadian aluminum producer Alcan Inc's (NYSE: AL) CEO Dick Evans said yesterday that a federal budget measure that will scrap a tax deduction could make the company a foreign takeover target, reported the Globe and Mail, with Rio Tinto PLC (NYSE: RTP) and Companhia Vale do Rio Doce (NYSE: RIO) as possible suitors.
- The New York Times reported that online retailer Amazon.com Inc (NASDAQ: AMZN) is expanding a program, known as Fulfillment by Amazon, which is designed to allow independent sellers, including e-auction rival eBay Inc (NASDAQ: EBAY), to use its distribution center network to store and ship their products.
- From BusinessWeek's "Inside Wall Street" section:
Tags: financial times, FinancialTimes, ft, globe and mail, GlobeAndMail, newpaper, paper, periodical, wall street journal, WallStreetJournal, wsj
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