Newspaper wrap-up: Value of E*Trade's mortgage business up for debate

Posted Nov 26th 2007 8:00AM by Eric Buscemi
Filed under: Newspapers, Magazines, Ford Motor (F)

MAJOR PAPERS:

The Achilles heel of discount broker E*Trade Financial Corporation (NASDAQ: ETFC) may be its lesser known mortgage business, whose value is now at the center of debate regarded its sale price, reported the Wall Street Journal.
According to a report prepared for European medicines authority, the Financial Times reported that Roche Holding Ltd (OTC: RHHBY) is responsible for impurities that caused an international recall of its HIV drug.
The FT also reported that the United Kingdom's Virgin Group was confirmed as the preferred bidder for British bank Northern Rock, as the bank said it wanted to hold discussions with Virgin "on an accelerated basis."

OTHER PAPERS:

Sources close to the matter said that Ford Motor Company (NYSE: F) may put the brakes on overseas plans in many markets including India, South Africa and China on hold until it completes the sale of its Jaguar and Land Rover units, according to the Economic Times.
China is expected to unveil more than 20 regulations on foreign mergers and acquisitions, or M&A, according to a senior Chinese legislator, Xinhua reported.

Tags: China, E*Trade, E*Trade Financial, E*tradeFinancial, ETFC, F, Ford, Jaguar, Land Rover, LandRover, Northern Rock, NorthernRock, RHHBY, Roche, Virgin Group, VirginGroup