Newspaper wrap-up 7-13-07: GE in the news
Posted Jul 13th 2007 9:10AM by Eric Buscemi
Filed under: Newspapers, Magazines, General Electric (GE), Morgan Stanley (MS), Zoltek Co (ZOLT)
.gif)
MAJOR PAPERS:
- General Electric Company (NYSE: GE) has hired Morgan Stanley (NYSE: MS) to find a buyer for its WMC Mortgage subprime mortgage unit, signaling its exit from the mortgage business, reported the Wall Street Journal (subscription required).
- GE's CNBC cable business news channel and the Financial Times Group are in discussions to share resources and shore up their Web business, reported the Wall Street Journal.
- VeriSign Inc (NASDAQ: VRSN), which oversees dot-com and dot-net domain names registry, has recorded an additional $160M in compensation expenses related to stock option grants made between 1998 and 2006, causing the CFO to resign, reported the Wall Street Journal.
- The Financial Times (subscription required) reported that Virgin Media Inc (NASDAQ: VMED) has hired financial services company UBS AG (NYSE: UBS) yesterday to pursue strategic buyers.
OTHER PAPERS:
- From BusinessWeek's "Inside Wall Street" column:
Tags: arb, arbitron, businessweek, cnbc, financial times, FinancialTimes, ft, ge, general electric, GeneralElectric, inside wall street, InsideWallStreet, morgan stanley, MorganStanley, ms, newspaper, paper, periodical, ubs, verisign, virgin media, VirginMedia, vmed, vrsn, wall street journal, WallStreetJournal, wsj, ziop, ziopharm, zolt, zoltek
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
