Newspaper wrap-up 5-23-07: Wal-Mart may buy stake in Indian company

MAJOR PAPERS:

The Wall Street Journal reported that Alcoa Inc (NYSE: AA) said it won't raise its $27.62B bid for Alcan Inc (NYSE: AL), possibly opening the door for rivals such as BHP Billiton Limited (NYSE: BHP) and Rio Tinto plc (NYSE: RTP).
The Wall Street Journal's "Heard on the Street" column reported that analysts and investors think there's more room for growth at Tiffany & Co (NYSE: TIF).
The Financial Times reported that institutional investors are looking to oust a board member at Exxon Mobil Corporation (NYSE: XOM) due to his "inaction" on their climate change strategy.

OTHER PAPERS:

The U.K. Times reported that HSBC Holdings (NYSE: HBC) is looking to expand into Colombia.
The Economic Times reported that Wal-Mart Stores Inc (NYSE: WMT) may buy a stake in Indian logistics company Radhakrishna Foodland, citing the Indian company's founder.

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