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Newspaper wrap-up: Reuters looks for revenue-sharing deal with NY Times

MAJOR PAPERS:
  • In a step toward expanding its reach into China, UCBH Holdings Inc (NASDAQ: UCBH) has acquired a full stake in Shanghai-based Business Development Bank in a deal valued at $205M, the Wall Street Journal reported.
OTHER PAPERS:
WEBSITES:
  • In an interview with Bloomberg, E.I du Pont de Nemours and Company's (NYSE: DD) CEO Charles Holiday said he believes the U.S. economy will be able to avoid a recession in 2008.
  • According to "people familiar with the plan," Amgen Inc. (NASDAQ: AMGN) may sell its Japanese unit in an effort to help cut global costs due to a slump in sales and lower earnings forecast, Bloomberg reported.

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Symbol Lookup
IndexesChangePrice
DJIA+32.7311,220.96
NASDAQ-3.162,255.88
S&P 500+5.481,242.31

Last updated: September 07, 2008: 12:06 AM

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