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Newspaper wrap-up: AT&T to pursue DirecTV?

Posted Oct 18th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, AT and T (T), , Goldman Sachs Group (GS)

MAJOR PAPERS:

The Wall Street Journal (subscription required) reported that the SEC is investigating Countrywide Financial Corporation (NYSE: CFC) CEO Angelo Mozilo for selling $130.6M in stock in the first half of the year.
While all eyes have been on a possible AT&T (NYSE: T) play for EchoStar Communications (NASDAQ: DISH), the Wall Street Journal's "Deal Journal" says AT&T may go after DirecTV Group (NYSE: DTV), and may be more likely, and could be a better deal for AT&T.

OTHER PAPERS:

The U.S. Department of Veteran Affairs has decided to sharply limit the use of GlaxoSmithKline's (NYSE: GSK) once-popular drug for Type 2 diabetes, Avandia. The decision is likely to further reduce revenue from Avandia, whose sales have dropped in the U.S. by an estimated 60% in the last five months, reported the New York Times.
Goldman Sachs Group (NYSE: GS) said it would pay $172M for a majority stake in Indian metal castings maker Sigma Electricals and its affiliated companies, reported the Business Standard.
A molecular diagnostic test for HPV developed by Digene, which is now part of Qiagen (NASDAQ: QGEN), has been found to be almost 40% more accurate than traditional cytology in identifying women with advanced cervical disease, according to a report published today in The New England Journal of Medicine.

Newspaper wrap-up: IBM to challenge Microsoft

Posted Sep 18th 2007 8:42AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Apple Inc (AAPL), General Motors (GM), International Business Machines (IBM), Citigroup Inc. (C), Wendy's Intl (WEN), iPhone

MAJOR PAPERS:

International Business Machines Corporation (NYSE: IBM) is back in office software, taking on Microsoft Corporation (NASDAQ: MSFT) Office, with a free software package called Symphony that can be downloaded, reported the Wall Street Journal (subscription required).
There's no deal yet in the General Motors Corporation (NYSE: GM) and UAW union talks, and negotiations are expected to continue for a few more days, reported the Wall Street Journal.
Confidentiality agreements have been signed by over 12 potential purchasers of Wendy's International (NYSE: WEN), according to the Wall Street Journal.
Moody's Corporation (NYSE: MCO) is considering issuing assessments of how complex financial instruments would behave in a liquidity crisis, which could be issued in addition to traditional ratings, reported the Financial Times (subscription required).

OTHER PAPERS:

The Reserve Bank of India may block Citigroup Inc's (NYSE: C) proposal to buy an additional 3% stake in India's National Stock Exchange, reported the Business Standard.

WEBSITES:

TheStreet.com reported that Apple Inc (NASDAQ: AAPL) will deliver a faster, third-generation version of the iPhone in Q1 of next year, according to sources.
TheStreet.com also reported that Apple is planning to make more iPhones than previously planned in its first quarter ending December 31, according to a source.

Newspaper wrap-up: Buffett interested in Countrywide (CFC)?

Posted Aug 21st 2007 8:56AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, General Electric (GE), Berkshire Hathaway (BRK.A), , Monster Worldwide (MNST), Symantec Corp (SYMC),

MAJOR PAPERS:

According to the Wall Street Journal's (subscription required) "Heard on the Street" column, some investors are speculating that Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK.A) could buy struggling mortgage lender Countrywide Financial Corporation (NYSE: CFC).
Five insiders bought $592.7K in Orbitz Worldwide Inc's (NYSE: OWW) stock at per-share prices ranging from $9.55 to $10.10, reported Barron's Online's (subscription required) "Inside Scoop" column.
The Financial Times (subscription required) reported that General Electric Company (NYSE: GE) is believed to be considering the sale of Lake, its Japanese consumer finance subsidiary.

OTHER PAPERS:

Lehman Brothers Holdings Inc (NYSE: LEH) has bought a 26% stake in ECL Finance, the non-banking finance company of India's Edelweiss Capital, for about $4.3M, reported the Business Standard.
Brookfield Asset Management Inc (NYSE: BAM) has shelved its plan to buy Canadian Pacific Railway Limited (NYSE: CP) due to the global credit crunch and the current lack of funding for leveraged buyouts, reported the Globe and Mail.

WEBSITES:

According to security company Symantec Corporation's (NASDAQ: SYMC) blog, there is a new Trojan called "infostealer.monstres" which is attacking online recruitment site Monster.com (NASDAQ: MNST).

Newspaper wrap-up 6-25-07: eBay takes Google's AdWords back

Posted Jun 25th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Google (GOOG), eBay (EBAY), General Electric (GE), News Corp'B' (NWS),

MAJOR PAPERS:

The Wall Street Journal (subscription required) reported that online auctioneer eBay Inc (NASDAQ: EBAY) has resumed advertising with Google Inc (NASDAQ: GOOG), after having pulled its ads to prove that it didn't need to spend as heavily on Google's AdWords.
The Financial Times reported that some inside and outside of Lazard Ltd (NYSE: LAZ) are questioning if CEO Bruce Wassertein has given the company a sustainable model that will be able to thrive without the current "dealmaking binge."
According to the Financial Times, citing people familiar with the situation, News Corporation's (NYSE: NWS) Rupert Murdoch is looking beyond its $5B offer for Dow Jones and Company Inc (NYSE: DJ) in search of Internet acquisitions or a deal involving MySpace.

OTHER PAPERS:

Also concerning News Corp and Dow Jones, the U.K. Times reported that the Bancroft family, which controls Dow Jones, asked late Friday for two seats on News Corp's board, which is one more than Rupert Murdoch has been willing to offer.
General Electric Company (NYSE: GE) is seeking to build a diesel locomotive plant in India, in partnership with Indian railway companies, reported Business Standard.
Yediot Ahronot reported that Nice Systems Limited (NASDAQ: NICE) is in talks to acquire Actimize for $280M.

Newspaper wrap-up 4-20-07: Starbucks trying to move into India

Posted Apr 20th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Starbucks (SBUX)

MAJOR PAPERS:

Heinrich von Pierer resigned as chairman of Siemens AG ADR's (NYSE: SI) supervisory board amid criminal bribery probes, reported the Wall Street Journal (subscription required).

OTHER PAPERS:

The Business Standard reported that Starbucks Corporation (NASDAQ: SBUX) has sent a revised application to operate single-brand retail stores in India.
From BusinessWeek's "Inside Wall Street" column:

Credit Suisse Group ADS (NYSE: CS) is an undervalued wealth-management stock.
Cardiac Science Corporation (NASDAQ: CSCX) is a solid, long term story, according to SunTrust's Jonathan Block.
Home Solutions of America Inc (NASDAQ: HSOA) will do well, with extensive work to do in New Orleans and a large backorder.

WEBSITES:

According to Google's official blog page, Google Inc (NASDAQ: GOOG) has acquired Marratech's video conferencing software.

Newspaper wrap-up 3-19-07: M&A in focus

Posted Mar 19th 2007 9:40AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Blogs, Google (GOOG), Apple Inc (AAPL), Coca-Cola (KO), , Barclays plc ADS (BCS)

MAJOR PAPERS:

According to the Wall Street Journal (subscription required), citing people familiar with the matter, Community Health Systems Inc (NYSE: CYH) is near a deal to purchase Triad Hospitals (NYSE: TRI), which would break up an existing $4.5B private-equity buyout plan.
The Wall Street Journal's "Heard on the Street" column reported that rumors are swirling that Infineon Technologies ADS (NYSE: IFX) will be chosen to supply the main chip to drive the upcoming iPhone from Apple Inc (NASDAQ: AAPL).

OTHER PAPERS:

The Business Standard reported that Reliance Industries is reportedly in advanced discussions with Nova Chemicals Corporation (NYSE: NCX), the plastics and petrochemicals firm, to form a joint venture.
According to the U.K. Times, Barclays plc ADS (NYSE: BCS) will announce today its formal interest in buying Netherlands bank ABN Amro Holdings (NYSE: ABN) for a price of up to a little less than EUR60B, or EUR31.3 per share, according to reports.
Dow Jones & Company (NYSE: DJ) is trying to buy the Financial News for GBP25M, the U.K. Times reported.
The Sunday Telegraph reported that Coca-Cola Company (NYSE: KO) is planning a 'beauty tea' in conjunction with L'Oreal ADR (OTC: LRLCY), called Lumae.
According to Google Inc's (NASDAQ: GOOG) official blog, it has acquired Adscape media. Terms were not disclosed.

Newspaper wrap-up 2-6-07: Wal-Mart going digital

Posted Feb 6th 2007 9:17AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, General Electric (GE), Wal-Mart (WMT), Ford Motor (F), Goldman Sachs Group (GS), Verizon Communications (VZ)

MAJOR PAPERS:

The Financial Times (subscription required) reported that General Electric Company (NYSE: GE) is expected to buy a 95% stake in Idex Aquaservices.

OTHER PAPERS:

The Economic Times reported that Verizon Communications (NYSE: VZ) has formed a partnership with India's Videocom.
According to the U.K. Times, Nelson Peltz is in the running for Ford Motor Company's (NYSE: F) Aston Martin.
The Business-Standard wrote that Goldman Sachs Group (NYSE: GS) plans to buy a stake in India's MCX.
The New York Times reported that he SEC is investigating whether Wall Street brokers are leaking information about big trades to favored clients to get more business.
Also in the New York Times, Wal-Mart Stores Inc (NYSE: WMT) has signed a deal with all six major Hollywood studios to sell digital movies and TV shows on its web site.
The Investor's Business Daily's "New Issue America" column highlighted Fortress Investment Group, which is expected to go public on February 9 with an offering price of between $16.50 and $18.50.

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