Newspaper wrap-up: Some see bubble in oil
Posted Oct 19th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Amazon.com (AMZN), Aetna Inc (AET), US Airways Group (LCC), Amgen Inc (AMGN), Bear Stearns Cos (BSC)
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MAJOR PAPERS:
- The office of the Massachusetts secretary of state is investigating whether Bear Stearns (NYSE: BSC) improperly traded mortgage-backed securities for its own account with two hedge funds that failed this past summer, without notifying in advance the funds independent directors, reported the Wall Street Journal.
- The Schork Report's Stephen Schork sees an oil correction coming and predicted oil in the $65-$68 range, according to the Wall Street Journal's "Heard on the Street" column.
OTHER PAPERS:
- Insurer Aetna (NYSE: AET) has instituted a tighter reimbursement policy for Amgen's (NASDAQ: AMGN) anemia drugs, creating a setback for Amgen, reported the Los Angeles Times.
- A consortium led by Icelandic investor Baugur is interested in making an offer for Saks (NYSE: SKS), reported the New York Post, but Saks will not consider a sale until the credit market improves.
- From BusinessWeek's "Inside Wall Street" section:
- BusinessWeek suggested that US Airways' (NYSE: LCC) poor performance compared to it's competitors makes it an attractive target to be bought.
- Rami Rosen of investment firm Oscar growth believes pacts like Radware's (NASDAQ: RDWR) venture with International Business Machines (NYSE: IBM) will help to drive growth.
- BusinessWeek hailed Amazon's (NASDAQ: AMZN) performance, saying it is one of the few internet companies that has beaten Google (NASDAQ: GOOG).
Tags: aet, aetna, amazon, amgen, amgn, amzn, bear stearns, BearStearns, bsc, business week, BusinessWeek, goog, google, ibm, la times, LaTimes, lcc, newspaper, ny post, NyPost, oil, paper, periodical, radware, rdwr, saks, sks, us airways, UsAirways, wall street journal, WallStreetJournal, wsj
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