Newspaper wrap-up: Countrywide (CFC) begins laying off employees
Posted Aug 20th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Citigroup Inc. (C), Altria Group (MO), American Express (AXP), Tribune Co. (TRB), Countrywide Financial (CFC)
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MAJOR PAPERS:
OTHER PAPERS:
- The New York Times reported that the market is having doubts about the deal for the Tribune Company (NYSE: TRB), despite confidence from those involved that the deal will be done.
- Just weeks after acquiring its first pension scheme, Citigroup Incorporated (NYSE: C) is looking for another; Citi is said to be looking at a European scheme that is worth about £200M, reported the U.K. Times.
- While the rugged cowboy has been the face for Altria Group Inc's (NYSE: MO) Philip Morris for many years now, the global brand could be fading, according to the U.K. Times.
- American Express Company (NYSE: AXP) has put its private banking business, which could be worth $400M-$500M, up for sale, according to the U.K. Times.
- The Telegraph reported that a subsidiary of HSBC Holdings (NYSE: HBC), the Hong Kong and Shanghai Banking Corporation, is in talks to buy a 51% controlling stake in Korea Exchange Bank, which would cost in the region of £2.5B.
Tags: altria, american express, AmericanExpress, axp, c, cfc, citigroup, countrywide, hbc, hsbc, london times, LondonTimes, marlboro, mo, newspaper, ny times, NyTimes, paper, periodical, telegraph, trb, tribune, uk times, UkTimes, wall street journal, WallStreetJournal, wsj
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