Newspaper wrap-up: Buffett interested in Countrywide (CFC)?

Posted Aug 21st 2007 8:56AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, General Electric (GE), Berkshire Hathaway (BRK.A), Countrywide Financial (CFC), Monster Worldwide (MNST), Symantec Corp (SYMC), Lehman Br Holdings (LEH)

MAJOR PAPERS:

According to the Wall Street Journal's (subscription required) "Heard on the Street" column, some investors are speculating that Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK.A) could buy struggling mortgage lender Countrywide Financial Corporation (NYSE: CFC).
Five insiders bought $592.7K in Orbitz Worldwide Inc's (NYSE: OWW) stock at per-share prices ranging from $9.55 to $10.10, reported Barron's Online's (subscription required) "Inside Scoop" column.
The Financial Times (subscription required) reported that General Electric Company (NYSE: GE) is believed to be considering the sale of Lake, its Japanese consumer finance subsidiary.

OTHER PAPERS:

Lehman Brothers Holdings Inc (NYSE: LEH) has bought a 26% stake in ECL Finance, the non-banking finance company of India's Edelweiss Capital, for about $4.3M, reported the Business Standard.
Brookfield Asset Management Inc (NYSE: BAM) has shelved its plan to buy Canadian Pacific Railway Limited (NYSE: CP) due to the global credit crunch and the current lack of funding for leveraged buyouts, reported the Globe and Mail.

WEBSITES:

According to security company Symantec Corporation's (NASDAQ: SYMC) blog, there is a new Trojan called "infostealer.monstres" which is attacking online recruitment site Monster.com (NASDAQ: MNST).

Tags: bam, barron's, barrons, berkshire hathaway, BerkshireHathaway, brk.a, brookfield, business standard, BusinessStandard, canadian pacific, CanadianPacific, cfc, countrywide, cp, financial times, FinancialTimes, ft, ge, general electric, GeneralElectric, globe and mail, GlobeAndMail, leh, lehman, mnst, monster, newpaper, orbitz, oww, paper, periodical, symantec, symc, wall street journal, WallStreetJournal, warren buffett, WarrenBuffett, wsj

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Newspaper wrap-up: Buffett interested in Countrywide (CFC)?

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