Newspaper wrap-up 6-15-07: Gateway selling products in China
Posted Jun 15th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Eastman Kodak (EK), Dow Chemical (DOW)
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MAJOR PAPERS:
- Higher interest rate are making commercial real estate deal makers think twice about deals, according to the Wall Street Journal's "Heard on the Street," sending shares of companies like Archstone-Smith Trust (NYSE: ASN) down from $64 to $60.75 a share.
- The Financial Times reported that U.S. senators have proposed new laws that would impose higher taxes on private equity firms that list their shares on stock exchanges, a move that could be a blow to private-equity firm Blackstone Group, which is seeking to list its shares.
- The U.S. and U.K. are working on a treaty that would allow Britain to buy American weapons without obtaining export licenses, the Financial Times reported; any deal on the issue could face opposition in the U.S. Congress, although the British believe eliminating the need for the licenses would expedite the arms purchasing process.
OTHER PAPERS:
- Turnaround candidate Eastman Kodak Company (NYSE: EK) may be ready to shine, BusinessWeek's "Inside Wall Street" column reported, and now may be a good time to evaluate a potential EK play, according to investment advisor Gregory MacArthur.
- Gateway Inc (NYSE: GTW) is selling products in China for the first time in a pilot program with Digital China Holdings Ltd, the LA Times reported.
- According to The Nation, The Dow Chemical Company (NYSE: DOW) is planning to ask its board of directors later this year for approval to invest in five petrochemical projects in Thailand.
- Cementos Portland Valderribas, a unit of Fomento de Construcciones y Contractas is planning a bid for Texas Industries Inc (NYSE: TXI), the Expansion reports, citing people close to the situation.
Tags: Archstone-Smith Trust, Archstone-smithTrust, arms, ASN, Blackstone, Blackstone Group, BlackstoneGroup, BusinessWeek, Congress, DOW, Dow Chemical, DowChemical, Eastman Kodak, EastmanKodak, EK, Financial Times, FinancialTimes, Gateway, GTW, Inside Wall Street, InsideWallStreet, Kodak, LA Times, LaTimes, petrochemical, private equity, private-equity, PrivateEquity, Texas Industries, TexasIndustries, TXI, Wall Street Journal, WallStreetJournal, weapons, WSJ
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