Newspaper wrap-up: Yahoo talks to Time Warner as Microsoft considers its next move

Posted Jul 3rd 2008 8:00AM by Laurie PasternackLaurie Pasternack RSS Feed
Filed under: Newspapers, Magazines, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Time Warner (TWX), News Corp'B' (NWS), AMR Corp (AMR), iPhone

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MAJOR PAPERS:
  • According to people familiar with the situation, the Wall Street Journal reported that Yahoo! Inc (NASDAQ: YHOO) is again talking to Time Warner Inc (NYSE: TWX), this time about taking over AOL, with Time Warner taking a stake in the combined entity. News Corporation (NYSE: NWS) has its eye on any Yahoo moves. Meanwhile, Microsoft Corporation (NASDAQ: MSFT) is considering what its next move against Yahoo might be and is talking to News Corp.
  • The Wall Street Journal also reported that, as part of the company's plan to cut costs, Tribune Co's Los Angeles Times newspaper may look to cut about 250 jobs, including about 17% of its news staff.
  • The Financial Times reported that Chrysler, which has been searching for foreign partnerships, signed with China's Great Wall Motor a memorandum of understanding to explore long-term business ties in areas that include technology, distribution and components.
OTHER PAPERS:
  • According to the Dallas News, AMR Corporation's (NYSE: AMR) American Airlines informed its flight attendants' union that is may lay off 900 flight attendants on August 31.
WEB SITES:
  • Yonhap reported that LG Electronics will release "Dare," a new touch-screen mobile phone in the U.S. that will compete with Apple Inc's (NASDAQ: AAPL) latest iPhone models.

Tags: AAPL, American Airlines, AmericanAirlines, AMR, AMR Corp, AmrCorp, Apple, Chrysler, Great Wall Motor, GreatWallMotor, iPhone, job cuts, JobCuts, LA Times, LaTimes, layoffs, LG Electronics, LgElectronics, Los Angeles Times, LosAngelesTimes, Microsoft, MSFT, News Corp, NewsCorp, NWS, NWS.A, takeover, Time Warner, TimeWarner, Tribune, Tribune Co, TribuneCo, TWX, Yahoo, YHOO

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Last updated: February 10, 2010: 03:52 AM

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