Newspaper wrap-up 5-22-07: Home Depot having trouble selling unit

Posted May 22nd 2007 9:00AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Home Depot (HD), Sony Corp ADR (SNE), CBS Corp 'B' (CBS)

MAJOR PAPERS:

Barron's Online's (subscription required) "Inside Scoop" section reported that Thomas Everist, an MDU Resources Group (NYSE: MDU) board member since 1995, has sold a total of 742K shares for a total of $22.6M in MDU stock since May 2, according SEC data.
The Wall Street Journal (subscription required) reported that EMI Group (OTC: EMIPY), the third largest music company by sales agreed to sell to Terra Firma Capital Partners for $4.74B, possibly ending its seven year battle with Warner Music Group Corp (NYSE: WMG).

OTHER PAPERS:

According to the New York Post, citing people familiar with the situation, the weakening housing market and other issues are making it difficult for Home Depot Inc (NYSE: HD) to sell its professional supply business.
Discovery Communications is in talks with CBS Corporation (NYSE: CBS) to sell half its Discovery Times channel and form a joint-venture partnership, according to sources close with the situation, reported the Washington Post.

WEBSITES:

According to an NDP Group report, April sales of Nintendo's (OTC: NTDOY) Wii consoles were almost 3.5 times higher than Sony Corporation's (NYSE: SNE) PlayStation 3, reported DigiTimes.com.

Tags: barron's, barrons, cbs, digitimes, digitimes.com, discovery, emi, emi group, EmiGroup, emipy, hd, home depot, HomeDepot, inside scoop, InsideScoop, mdu, new york post, newspaper, NewYorkPost, nintendo, ntdoy, ny post, NyPost, paper, periodical, playstation 3, Playstation3, ps3, sne, sony, wall street journal, WallStreetJournal, warner music, WarnerMusic, washington post, WashingtonPost, wii, wmg, wsj

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Reader Comments (Page 1 of 1)

5-22-2007 @ 9:48AM

Kenny Bouy - Naples said...

GE has cut HD's subs,e.g., Hughes Supply' inventory to almost nothing; hence, contractors go elsewhere for many bulk items, exception might be pipe, wire, misc. specialty items..sort of what GE has done at HD stores...nothing like they were 10 yrs ago..mostly worse for contractor types, ...homeowners have some products at high prices available but the choice in specific categories is much reduced...stuck, stay stuck...rich on paper in Naples, Fl