Newspaper wrap-up 7-31-07: Dow Jones deal almost done?
Posted Jul 31st 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Toyota Motor Corp. (TM), AT and T (T), News Corp'B' (NWS), Dow Jones and Co (DJ), Amer Home Mtge Investment (AHM)
.gif)
MAJOR PAPERS:
- Rupert Murdoch's $5B, $60 a share offer for Dow Jones & Company (NYSE: DJ) appeared to be closer to a final deal as Dow Jones was negotiating with News Corporation (NYSE: NWS) to pay advisory fees for the Bancrofts, the majority stock holders, in exchange for some of the holdout members to back the deal, according to the Wall Street Journal.
- Barron's Online's "Inside Scoop" column reported that so far this year, five top BlackRock Inc (NYSE: BLK) executives grossed more than $82.4M by selling 486.5K shares on the open market at per-share prices ranging from $147.30 to $179.93, according to Thomson Financial data.
OTHER PAPERS:
- Mortgage woes continued to deepen yesterday, reported the New York Times, which noted that the New York Stock Exchange elected not to allow trading yesterday on the shares of American Home Mortgage Investment Corp (NYSE: AHM), after the company reported that it would suspend its dividend and faced "significant" margin calls from banks.
- The New York Times reported that AT&T Inc (NYSE: T) has made a deal with online music retailer EMusic that will allow people to buy songs from independent labels through their cell phones.
- The Los Angeles Times reported that Toyota Motor Corporation (NYSE: TM) will introduce a new "standard" version of its Prius gas-electric hybrid for the 2008 with a base price of $20,950, 5.5% less than the lowest cost 2007 model.
Tags: ahm, american home mortgage, AmericanHomeMortgage, bancroft, barron's, barrons, blackrock, blk, dj, dow jones, DowJones, inside scoop, InsideScoop, la times, LaTimes, los angeles times, LosAngelesTimes, new york times, news corp, NewsCorp, newspaper, NewYorkTimes, nws, nws.a, ny times, NyTimes, paper, periodical, rupert murdoch, RupertMurdoch, wall street journal, WallStreetJournal, wsj
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
