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

Posted Dec 11th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, New York Times'A' (NYT), duPont(E.I.)deNemours (DD), Amgen Inc (AMGN), Reuters Group ADS (RTRSY)

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:

• After creating an agreement with the International Herald Tribune, Reuters Group Plc (NASDAQ: RTRSY) is reportedly in discussion for a similar agreement with The New York Times Company (NYSE: NYT), the UK Times reported.

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.

Tags: Amgen, AMGN, Business Development Bank, BusinessDevelopmentBank, China, DD, DuPont, economy, New York Times, NewYorkTimes, NYT, recession, Reuters, RTRSY, sale, UCBH, UCBH Holdings, UcbhHoldings

Reader Comments (Page 1 of 1)

1

12-20-2007 @ 7:18AM

sugiarto setiabudi said...

It is illogical idea or the first stage of doctoring the news for commercial purpose only.

The news will be no more than commercial advertisements.