Newspaper wrap-up: GM and UAW still can't reach agreement
Posted Sep 19th 2007 8:55AM by Eric Buscemi
Filed under: Newspapers, Magazines, Time Warner (TWX), General Motors (GM), Target Corp. (TGT), Countrywide Financial (CFC), Gap Inc (GPS)
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MAJOR PAPERS:
- Countrywide Financial Corporation (NYSE: CFC), seeking more deposits to finance mortgage lending, plans to double its number of branch offices offering certificates of deposit and money-market accounts, the Wall Street Journal reported.
- Barron's Online's "Inside Scoop" column reported that two Gap Inc (NYSE: GPS) insiders -- former Gap CFO Byron Pollitt Jr and Gap founder Donald Fisher -- have sold shares in the company this month; Pollitt sold his remaining stake of about $9.4M, while Fisher sold shares worth $24.9M.
- Time Warner Inc (NYSE: TWX) is "taking a hard look" at spinning off its cable channel business, said the company's CEO, Dick Parsons, reported the Financial Times.
OTHER PAPERS:
- The New York Times reported that major American retailers, including Target Corporation (NYSE: TGT), have found more lead-contaminated children's products in their inventories, but have not yet notified the public, according to documents released by Congressional investigators.
- General Motors Corporation (NYSE: GM) and the United Auto Workers union still had not reached agreement on several key issues last night, reported the New York Times.
Tags: barron's, barrons, cfc, countrywide, financial times, FinancialTimes, ft, gap, general motors, GeneralMotors, gm, gps, new york times, newspaper, NewYorkTimes, ny times, NyTimes, paper, periodical, target, tgt, time warner, TimeWarner, twx, wall street journal, WallStreetJournal, wsj
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Reader Comments (Page 1 of 1)
9-19-2007 @ 11:09AM
Seth said...
If Time Warner were to finally unload AOL, who would be strong bidders and who would benefit the most from acquiring AOL? Yahoo! seems to be the best bet overall. Also, given Yahoo!'s connections with both Time Warner and Richard Parsons (current CEO of Time Warner) http://www.newsvisual.com/newsvisual/2007/09/post.html, http://www.newsvisual.com/newsvisual/2007/07/what-to-do-with.htm this deal could be easier than some people think. NewsVisual created two interactive Knowledge Maps illustrating both of these connections.