Newspaper wrap-up 7-20-07: Monster founder involved in options backdating

MAJOR PAPERS:

Barron's Online's (subscription required) "Inside Scoop" reported that a batch of sales at Alcoa Inc (NYSE: AA) has followed Alcoa's withdrawal of its offer to purchase Alcan Inc (NYSE: AL): from July 13-17, four senior executives grossed $41.3M by selling 877,600 shares on the open market at per-share prices ranging from $46.67 to $47.47, according to SEC data.
Andrew McKelveey, the founder and former CEO of Monster Worldwide Inc (NASDAQ: MNST) was allegedly involved in the backdating of stock option grants for employees, reported the Wall Street Journal (subscription required).

OTHER PAPERS:

Vodafone Group plc (NYSE: VOD) CEO Arun Sarin made a concession to rebel shareholders yesterday by promising to release value from Verizon Wireless, a joint venture in which Vodafone has a 45% stake, reported the U.K. Times.
From BusinessWeek's "Inside Wall Street" column:

Activist shareholders are putting pressure on Brink's Company (NYSE: BCO) to spin-off its home security unit, so that it can trade independently of the armored cars.
Pipex Pharmaceuticals Inc (AMEX: PP) has been off Wall Street's radar screen, but perhaps not for long. Pipex may have a stable of winners in the making, including an orphan drug designation.
The aircraft, auto, and architecture sectors are expected to be big users of Research Frontiers Inc's (NASDAQ: REFR) SmartGlass technology, which lets glass go from clear to opaque fast.

Tags: aa, al, alcan, alcoa, barron's, barrons, bco, brinks, business week, BusinessWeek, inside scoop, inside wall street, InsideScoop, InsideWallStreet, london times, LondonTimes, mnst, monster, newspaper, paper, periodical, pipex, pp, refr, research frontiers, ResearchFrontiers, uk times, UkTimes, vod, vodafone, wall street journal, WallStreetJournal, wsj

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