Newspaper wrap-up: Trump Entertainment sale falls apart

Posted Nov 2nd 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Ford Motor (F), AT and T (T), Trump Entertainment Resorts (TRMP)

MAJOR PAPERS:

Following Chrysler's lead to cut costs in relation to slowing sales, Ford Motor Company (NYSE: F) may cut its 2008 spending by 15%, according to the Wall Street Journal (subscription required).
The Writers Guild of America, battling with Hollywood film and TV producers, is expected to call for a strike, reported the Wall Street Journal.
Siemens AG (NYSE: SI) CEO Peter Loscher is getting ready to implement aggressive earnings targets for the company's senior managers, as well as thousands of job cuts, reported the Financial Times (subscription required).

OTHER PAPERS:

According to two people familiar with the talks, the latest round of negotiations to buy Trump Entertainment Resorts (NASDAQ: TRMP) have fallen apart, reported the New Jersey Star-Ledger.
From BusinessWeek's "Inside Wall Street" column:

Investors may now be looking at AT&T (NYSE: T) as a "high-quality stock for the long haul," says Justin Hellman of Value Line.
While many investors may be looking at Clinical Data's (NASDAQ: CLDA) possible blockbuster antidepressant drug and genetic test, they are banking on the company's Chairman Randal Kirk, who controls 40% of the stock.
MoneyGram International (NYSE: MGI) may be looking for buyers, and John Bendall, CEO of Hermitage Capital, thinks it is worth $30 a share.

Tags: business week, BusinessWeek, f, financial times, FinancialTimes, ford, ft, inside wall street, InsideWallStreet, newspaper, paper, periodical, si, siemens, star-ledger, strike, trmp, trump, wall street journal, WallStreetJournal, writers guild, WritersGuild, wsj

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Reader Comments (Page 1 of 1)

11-02-2007 @ 4:27PM

grubin said...

iT aint over till the fat lady sings Trump aint quitting here look for a surge again next week I think you can pick up 25% on this stock 2-3 times before we all really get a taste of a buyout....Harrahs could be looking couldnt they? How about some of the players but I like Boyd................gambling is up when times are tough and overseas is through the roof........The Don has 90 lives so wake up and buy now for another 25%^RUN UP