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Newspaper wrap-up 2-2-07: MySpace looking for partners in China

MAJOR PAPERS:
  • Highlights from today's Wall Street Journal (subscription required):
OTHER PAPERS:
  • The U.K. Times reported that Rio Tinto plc (NYSE: RTP) has warned that the future of its only operation in the U.K. is bleak, with negotiations on its future having failed to deliver a solution.
  • The Washington Post said, according to a National Intelligence report, that the situation in Iraq will get worse and the United States has little control over it.
  • Investor's Business Daily's "New America" column mentioned Heelys (NASDAQ: HLYS) positively, saying there is plenty of room for growth in the wheeled sneaker market, although cautioning it could be a fad like rollerblades or the Razr scooter before it.
  • From BusinessWeek's "Inside Wall Street" column:
    • Weyerhaeuser Company (NYSE: WY) named Debra Cafaro, a well-regarded REIT executive, to its board, sending a "clear signal that Weyerhaeuser will be looking at moving its huge timberlands into a REIT," says Mark Wilde of Deutsche Bank.
    • Archer Daniels Midland Company (NYSE: ADM) should rise to $6 a share this year, says Carl Birkelbach, president of Birkelbach Investment Securities
    • Access Pharmaceuticals' (NASDAQ: ACCP) two cancer drugs -- one of which, MuGard, has already been O.K.'d by the Food & Drug Administration -- are catching the eye of investors.

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