Newspaper wrap-up: Boeing expected to announce more Dreamliner delays
Posted Sep 4th 2007 9:13AM by Eric Buscemi
Filed under: Newspapers, Magazines, Boeing Co (BA), TXU Corp (TXU)
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MAJOR PAPERS:
- Alain Dassas has been named CFO of Nissan Motor Company (NASDAQ: NSANY), filing a position that has remained open for four years, reported the Wall Street Journal. Dassas runs the Formula One race car team at Renault, which has a 44% stake in Nissan.
OTHER PAPERS:
- Goldman Sachs Group (NYSE: GS), Morgan Stanley (NYSE: MS), Citigroup Inc (NYSE: C), Lehman Brothers Holdings (NYSE: LEH) and JP Morgan Chase and Company (NYSE: JPM), The banks involved in the underwriting of the TXU Corporation (NYSE: TXU) buyout by Kohlberg Kravis Roberts and TPG, have offered to pay the $1B breakup free to convince the private equity buyers to back out, according to the U.K. Times.
- GlaxoSmithKline (NYSE: GSK) is currently looking for someone to succeed CEO Jean-Pierre Garnier, who will retire next May, and investors are thought to want a CEO that will 'radically overhaul' the company and possible break it up, reported the Guardian.
- The Seattle Times reported that Boeing Company (NYSE: BA) is expected to announce that the first flight of its 787 Dreamliner jet will be delayed at least until late October, according to an inside source.
WEBSITES:
- Herb Greenberg noted in his MarketWatch blog yesterday that International Rectifier Corporation (NYSE: IRF) disclosed on Friday after the market close how it was committing fraud by having a subsidiary hide products already booked as revenue in "off-books warehouses."
Tags: ba, boeing, c, citigroup, glaxosmithkline, goldman sachs, GoldmanSachs, gs, gsk, guardian, herb greenberg, HerbGreenberg, international rectifier, InternationalRectifier, irf, jp morgan, jpm, JpMorgan, leh, lehman, london times, LondonTimes, marketwatch, morgan stanley, MorganStanley, ms, newspaper, nissan, nsany, paper, periodical, seattle times, SeattleTimes, txu, uk times, UkTimes, wall street journal, WallStreetJournal, wsj
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