Newspaper wrap-up: Writers' strike may end soon
Posted Feb 8th 2008 8:00AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Google (GOOG), Merrill Lynch (MER)
.gif)
MAJOR PAPERS:
- Increasing credit card delinquencies have caused banks to tighten their lending standards, which the Wall Street Journal said could result in a sharp pullback in consumer spending that would further weaken the slowing U.S. economy.
- The Wall Street Journal also reported that U.S. criminal prosecutors have informed the Securities and Exchange Commission that they are seeking information gathered through its civil investigation of Merrill Lynch & Co Inc (NYSE: MER). The regulators will examine whether the securities firm booked inflated mortgage bond prices held despite knowing the valuations had dropped.
OTHER PAPERS:
- The major Hollywood studios and the Writers Guild of America are close to concluding a deal that could end the writers' strike as early as Monday, the LA Times reported.
WEB SITES:
- According to Wired, online contact management service Plaxo has accepted an offer for nearly $200M. Sources believe the purchasing company is "most likely" Google Inc (NASDAQ: GOOG).
Tags: GOOG, Google, MER, Merrill Lynch, MerrillLynch, Plaxo, Writers Guild, writers' strike, Writers'Strike, WritersGuild
Entrepreneur's Journal: Key steps for telesales success
The week in preview: Focus returns to earnings: Alcoa, Chevron, Family Dollar
Comfort Zone Investing: Survival of the fittest -- letting some banks fail
