Newspaper wrap-up 8-1-07: More bad news at Home Depot
Posted Aug 1st 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Home Depot (HD), Morgan Stanley (MS), Dow Chemical (DOW), Bear Stearns Cos (BSC)
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MAJOR PAPERS:
OTHER PAPERS:
- According to people familiar with the matter, Dow Chemical Company (NYSE: DOW), the largest chemicals group in the U.S., is considering making a counter-bid for ICI, which has a GBP7.8B bid from Akzo Nobel (NASDAQ: AKZOY), reported the Telegraph.
- The Telegraph reported that British Airways (OTC: BAIRY) has agreed to pay a fine of GBP121.5M to the U.K.'s Office of Fair Trading and will also pay a fine to the U.S. Department of Justice because of its involvement in an alleged price-fixing scandal.
WEBSITES:
- Home Depot Inc (NYSE: HD) has fired four purchasing managers for their involvement in a purchasing scandal involving millions of dollars in kickbacks regarding the display of flooring products, reported CBS News.
Tags: akzo, akzoy, bairy, bear stearns, BearStearns, british airways, BritishAirways, bsc, cbs news, CbsNews, cei, crescent, dow, dow chemical, DowChemical, hd, home depot, HomeDepot, morgan stanley, MorganStanley, ms, newspaper, paper, periodical, telegraph, wall street journal, WallStreetJournal, wsj
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Reader Comments (Page 1 of 1)
8-01-2007 @ 4:41PM
Terry said...
If Dow Chem makes an offer, I'm betting that ICI will accept. A few of their directors are connected as well as 2 past CEOs. I'd keep an eye out on this deal. (Here's the link to NewsVisual's article that talks about these connections: http://www.newsvisual.com/newsvisual/2007/08/dow-and-ici.html)