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MAJOR PAPERS: - The Wall Street Journal reported that Goldman Sachs Group Inc's (NYSE: GS) hedge fund Alpha Fund, once a top performer, is continuing to lose its value. The fund has lost 37% of its value over the past year, including 22.7% last month.
- According to an article from The Lancet Medical Journal, a new study suggests that Johnson & Johnson's (NYSE: JNJ) coated stent has an edge over devices from Boston Scientific Corporation (NYSE: BSX), the Wall Street Journal reported.
- According to the Financial Times, the United Auto Workers union has singled out General Motors Corporation (NYSE: GM) and is preparing to strike as early as today if talks break down. The 4-year contracts expire tonight at 11:59 pm.
- Cadbury Schweppes Plc (NYSE: CSG) has reportedly rejected an offer for its beverage division due to unfavorable financing conditions, the Financial Times reported.
- China Daily reported that Baidu.com Inc (NASDAQ: BIDU) launched an online video advertising service called Baidu TV, in an effort to distance itself from Google Inc's (NASDAQ: GOOG) and Yahoo! Inc's (NASDAQ: YHOO) efforts in China.
- The Times of India reported that India's Mahindra & Mahindra has pulled out of the race for Ford Motor Company's (NYSE: F) Jaguar and Land Rover units due to fears of dependence on spare parts from Ford.
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Reader Comments (Page 1 of 1)
9-14-2007 @ 8:16PM
Seth said...
Although Cadbury rejected this offer, there was possible good news for Cadbury today. Campbell Soup Company announced today that they are planning to sell their Godiva Chocolate division. An IntellectSpace Knowledge Map from NewsVisual shows that Campbell's and Cadbury Schweppes have some strong executive connections http://www.newsvisual.com/newsvisual/2007/09/ties-could-allo.html. This could make Cadbury a strong potential bidder for Godiva.