MAJOR PAPERS:

• Reacting to $90-plus a barrel oil prices, airlines, many of whom are beginning to see profits again, are passing along increases to passengers. Led by AMR Corporation's (NYSE: AMR) American Airlines, the largest carrier, increases per ticket are being increased about $20, according to the Wall Street Journal (subscription required).
• The UAW may not face stiff opposition among its rank and file member for a new four year labor contact with Ford Motor Company (NYSE: F), as local leaders in Detroit approved a tentative four year deal, reported the Wall Street Journal.

• The New York Post reported that two fired Dow Chemical Company (NYSE: DOW) executives shopped the company to investors, according to industry consultants' affidavits filed by the company to support its claims that the execs breached their corporate duties.
• The Telegraph reported that CIBC World Markets' financial services analyst Meredith Whitney has called for Chuck Prince's successors to break up Citigroup (NYSE: C).
• Several private equity firms are competing to buy the 32% stake in Sony Corporation's (NYSE: SNE) Sony Entertainment Television currently held by Indian investors, reported the Economic Times.

Newspaper wrap-up: Analyst calls for Citigroup break up originally appeared on BloggingStocks on Tue, 06 Nov 2007 09:15:00 EST. Please see our terms for use of feeds.

• News Corp.'s (NYSE: NWS) MySpace is investing heavily in games to go along with its successful music and video offerings, and beginning in January, thanks to a deal with games distributor Oberon, will offer hundreds of free "casual" games, reported the Wall Street Journal (subscription required).
  
• The European Court of Justice in Luxembourg overturned a law that had been on the books in Germany since 1960 to prevent hostile foreign takeovers, reported the Wall Street Journal. The immediate result is expected to be a takeover attempt by Porsche, a 31% holder of Volkswagen (OTC: VLKAY) shares.

• Mobile Telecom company France Telecom (NYSE: FTE) is close to creating a joint venture for long distance operations in India with Indian optical storage manufacturer Moser Baer, reported the Economic Times.
• British financial services company HSBC Holdings (NYSE: HBC) is looking to sell Marbles, the online credit card business it acquired in 2003, reported the Independent.
• The first undersea telecommunications cable linking China and the U.S. -- called the Trans-Pacific Express -- has begun to be constructed, reports the Associated Press, and it's expected to be in place before the Beijing Olympics next July. Verizon Communications (NYSE: VZ) is involved and says the cable will be 11,000 miles long and cost about $500M.

Newspaper wrap-up: 'Volkswagen law' overturned originally appeared on BloggingStocks on Tue, 23 Oct 2007 09:11:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• American Electric Power (NYSE: AEP) has agreed to pay penalties totaling $15M to end a Clean Air Act lawsuit brought by the Justice Department for the EPA, reported the Wall Street Journal (subscription required).
• In 1992 Ecuador left OPEC, but this month is expected to rejoin the organization, according to the Wall Street Journal.
• Barron's Online's (subscription required) "Inside Scoop" section reported that Warren Buffett exercised call options to purchase 7.847M shares of Burlington Northern Santa Fe (NYSE: BNI).

• The UK is going to purchase 140 armored vehicles from Force Protection (NASDAQ: FRPT) for use in Iraq and Afghanistan, according to the Associated Press.
• India's Reliance Retail has won the exclusive marketing and distribution rights for Apple (NASDAQ: AAPL) stores in India. The first Apple-owned store in India is scheduled to open at the end of this month, reported the Economic Times.
• Independent movie studio Lions Gate Entertainment Corp (NYSE: LGF) has signed a partnership agreement with Mexican media conglomerate Grupo Televisa (NYSE: TV) to make movies and TV shows, and distribute Grupo's film library, reported the Los Angeles Times.

Newspaper wrap-up: Buffett increases stake in BNI originally appeared on BloggingStocks on Tue, 09 Oct 2007 09:00:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Build-A-Bear Workshop Inc's (NYSE: BBW) stock has been in a nose dive for most of the year, failing to reach sales targets. If there's no bid soon, reported the Wall Street Journal, this holiday season will be a miserable one for same store sales. Mattel Inc (NYSE: MAT) and Children's Place Retail Stores Inc (NASDAQ: PLCE) are considered possible buyers, as well as private equity firms.
• Cisco Systems Inc (NASDAQ: CSCO) and Haier Group, China's largest manufacturer of appliances, have agreed to work together on home networking in China and international markets, according to the Wall Street Journal.
• "Disney (NYSE: DIS) inspired" homes will be offered by KB Home (NYSE: KBH) beginning in 2008, following their successful collaboration with Martha Stewart Living Omnimedia (NYSE: MSO) homes two years ago, reported the Wall Street Journal.

• Credit Suisse Group (NYSE: CS) is laying off about 150 workers from its mortgage-backed securities unit, a source told the New York Times.
• The EE Times reported that Chinese silicon foundry provider Semiconductor Manufacturing International Corporation (NYSE: SMI) has delayed the opening of its 300-mm wafer fab in Wuhan, China, according to an analyst.
• India's Wipro Limited (NYSE: WIT) has received a five year, $130M contract from British utility Thames Water to provide integrated IT services, reported the Economic Times.

Newspaper wrap-up: Credit Suisse laying off 150 originally appeared on BloggingStocks on Wed, 26 Sep 2007 08:50:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Barron's Online's "Inside Scoop" column reported that from Sept. 19-21, former Wal-Mart Stores Inc (NYSE: WMT) CEO David Glass grossed more than $13.3M by selling 300K Wal-Mart shares on the open market, according to SEC.
• The UAW walked out on General Motors Corporation (NYSE: GM) yesterday because negotiations stalled when the United Auto Workers said they should get some sort of job guarantees from GM, reported the Wall Street Journal.
• The Financial Times reported that BP's (NYSE: BP) Q3 revenue will be "dreadful" and the company will undergo a far-reaching shakeup, BP CEO Tony Hayward has reportedly told his staff.

• Having completed a deal with aQuantive for $6B, Microsoft Corporation (NASDAQ: MSFT) wants to make one more deal this year. The question the New York Post asks is, will it be with Facebook or Yahoo Inc (NASDAQ: YHOO)?
• The Economic Times reported that Reliance Retail is in talks with the Gap Inc (NYSE: GPS) for a franchisee arrangement for Reliance Retail's apparel business.

• According to executives familiar with the review, the winner of Dell Inc's (NASDAQ: DELL) $760M ad account will either be the WPP Group (NASDAQ: WPPGY) or the Interpublic Group of Companies Inc (NYSE: IPG), with the final round of pitches to be made in three weeks, according to AdAge.com.

Newspaper wrap-up: Gap in talks for franchise in India originally appeared on BloggingStocks on Tue, 25 Sep 2007 09:24:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• After less than a year in office, Shinzo Abe, the prime minister of Japan, resigned, reported the Wall Street Journal.
• With its sights set on Toyota Motor Corporation (NYSE: TM), Volkswagen AG (OTC: VLKAY) CEO Stefan Jacoby says he'll nearly triple sales of vehicles in the U.S. over the next decade, reported the Wall Street Journal.
• Barron's Online's "Inside Scoop" column reported that director James Burke purchased $1.1M worth of AnnTaylor Stores Corporation (NYSE: ANN) stock on Friday, marking the first open-market purchase by an AnnTaylor insider in at least five years, according to InsiderScore.com.

• According to the U.K. Times, British bank Barclays (NYSE: BCS) has invested $1.5B in Golden Key, a fund that has gotten into trouble as a result of the global liquidity squeeze.
• Aluminum company Alcan Inc (NYSE: AL) is reportedly in talks to sell its packaging unit to India's Essel Group, reported the Economic Times.
• Music publishers have intensified their efforts to shut down popular Web sites that publish song lyrics without permission, reported the New York Post. The publishers are also demanding that Google Inc (NASDAQ: GOOG) and Yahoo! (NASDAQ: YHOO) remove all references to the offending sites from their search engines.

Newspaper wrap-up: Barclays to bail out Golden Key originally appeared on BloggingStocks on Wed, 12 Sep 2007 09:10:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Countrywide Financial Corporation (NYSE: CFC) announced another 900 job cuts as the company slashes costs in the face of a drop in lending volumes and rising defaults, The Wall Street Journal reported.
• Barron's Online's "Inside Scoop" section reported that CVS Caremark Corporation (NYSE: CVS) chairman Edwin Crawford sold 120K shares worth $45.4M Friday and Tuesday after exercising the same number of options for $2.8M.

• Italian carmaker Fiat (OTC: FIATY) is negotiating with India's Tata Motors Limited (NYSE: TTM) on a joint bid for Ford Motor Company's (NYSE: F) Jaguar and Land Rover divisions, reported the Telegraph.
• British mobile telecom company Vodafone Group (NYSE: VOD) has received a $2B tax bill from the Indian government, reported the U.K. Times.
• The Economic Times reported, citing a source close to the development, that Ranbaxy has joined the bidding on Bradley Pharmaceuticals Inc (NYSE: BDY) by placing a preliminary non-binding bid on the company.

Newspaper wrap-up: Countrywide (CFC) cuts more jobs originally appeared on BloggingStocks on Thu, 06 Sep 2007 08:45:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Amid mounting criticism for its role in the subprime crisis, McGraw Hill Companies Inc (NYSE: MHP) replaced Kathleen Corbet, the president of Standard & Poors, with Deven Sharma, a McGraw Hill senior VP who has been with S&P since the end of last year, reported the Wall Street Journal.
• Barron's Online's "Inside Scoop" column reported that Aeropostale Inc (NYSE: ARO) CFO Michael Cunningham sold $2.1M in stock Monday at an average price of $22.43 per share, according to SEC data.

• Indian IT outsourcing companies Infosys Technologies (NASDAQ: INFY) and Wipro Limited (NYSE: WIT) have reportedly both shown interest in buying out the US-based high-end analytics company MarketRx, which is believed to be worth between $150M and $160M, reported the Economic Times.
• The New York Times reported that General Electric Company's (NYSE: GE) NBC Universal has decided not to renew its contract to sell digital downloads of television shows on Apple Inc's (NASDAQ: AAPL) iTunes online store.
• From BusinessWeek's "Inside Wall Street" column:
  
• Coca-Cola Company (NYSE: KO) is making a comeback, thanks to its huge global distribution edge.
  
• Southern Copper Corporation (NYSE: PCU) is a good copper play, as it is undervalued and ignored, especially considering its 6.21% dividend yield.
  
• Ariad Pharmaceuticals (NASDAQ: ARIA) may be one of the more underappreciated and undervalued biotech stocks around.

Newspaper wrap-up: NBC does not renew iTunes contract with Apple originally appeared on BloggingStocks on Fri, 31 Aug 2007 09:00:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Ratan Tata, chairman of the Tata Group of India, has confirmed his interest in the Jaguar and Land Rover units of Ford Motor Company (NYSE: F), according to the Wall Street Journal.

• The Washington Post reported that Home Depot Inc (NYSE: HD) has made a deal to sell its supply arm, HD Supply, for $8.5B, down from the original price of $10.3B, to a consortium of private equity firms headed by Carlyle Group, inside sources say.
• According to a sources with knowledge of the discussions, Altria Group Inc (NYSE: MO) is considering spinning off its Philip Morris International division as part of a restructuring plan to increase shareholder value, reported the New York Times.
• A Chinese technology company has expressed interest in buying Seagate Technology (NYSE: STX), reported the New York Times.
• According to senior industry analysts, Dr. Reddy's Laboratories (NYSE: RDY) is eyeing U.S. based Bradley Pharmaceuticals Inc (NYSE: BDY), which is expected to be valued at between $380M-$400M, reported the Economic Times.

Newspaper wrap-up: Home Depot deal gets done originally appeared on BloggingStocks on Mon, 27 Aug 2007 09:15:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK.A) acquired a stake in Kraft Foods Inc (NYSE: KFT) that was below 5%, the Wall Street Journal (subscription required) reported.
• R.H. Donnelley Corporation (NYSE: RHD) has paid about $350M for Business.com, the marketing directory Web company, beating out Dow Jones & Co. (NYSE: DJ) and the New York Times Company (NYSE: NYT) in the process, according to the Wall Street Journal.
• Callaway Golf Company (NYSE: ELY), which closed Wednesday at about $17.42, could swing lower as the peak summer season wanes amid continued concern about overall consumer discretionary spending, according to Barron's Online's (subscription required) "Weekday Trader" section.

• The U.K. Times reported that the global debt market crisis may delay or cancel the sale of Cadbury Schweppes plc's (NYSE: CSG) U.S. drinks arm.
• Coca-Cola (NYSE: KO), Wipro Limited (NYSE: WIT) and Danone are in talks with Ramesh Chauhan to buy Bisleri, the bottled water brand that has become a generic name for the product category, reported the Economic Times.

Newspaper wrap-up 7-26-07: Berkshire invests in Kraft originally appeared on BloggingStocks on Thu, 26 Jul 2007 09:15:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Delta Airlines Inc (NYSE: DAL), sprinting to the start as it emerges from bankruptcy, is expected to order about 125 Boeing Company (NYSE: BA) 787 jetliners by the end of 2007, reported the Wall Street Journal (subscription required).
  
• HSBC Holdings (NYSE: HBC) is preparing to push its banking operations into China as part of a move to tap into the emerging wealthy consumer base in Asia, reported the Financial Times (subscription required).
• The Financial Times also reported that AT&T (NYSE: T) is not considering making an offer to buy British mobile telecom company Vodafone Group (NYSE: VOD), said AT&T's new CEO, Randall Stephenson, contrary to previous speculation.

• Fortune reported that Billionaire supermarket mogul Ron Burkle may announce a long-shot bid this week for business news and information company Dow Jones and Company (NYSE: DJ), according to a source.
• The Economic Times reported that Accenture Ltd (NYSE: ACN) is in joint venture talks with Indian telecom operator Reliance Communications, which could have an exit clause giving Reliance the opportunity to buy Accenture in the future.

Newspaper wrap-up 6-19-07: AT&T not considering buying Vodafone originally appeared on BloggingStocks on Tue, 19 Jun 2007 09:15:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that President Bush picked former advisor Robert Zoellick to take over the World Bank from Paul Wolfowitz; Mr. Zoellick, now a vice chairman at Goldman Sachs Group Inc (NYSE: GS), was a trade representative and deputy secretary of state.
• The Institutional Shareholder Service has advised shareholders of medical device maker Biomet Inc (NASDAQ: BMET) to turn down a $10.9B private equity deal for the company, according to the Wall Street Journal.
• The Financial Times reported that the IntercontinentalExchange Inc (NYSE: ICE) has signed an exclusive deal with the CBOT Holdings Inc (NYSE: BOT), a move that could advance ICE's unsolicited bid for the Chicago Board of Trade.
• Rather than focus on potential take-out targets, Barron's Online's "Weekday Trader" said that the smart bet for investors is to focus on companies with rising profits, cash flows and dividends, such as Loews Corp-Carolina Group (NYSE: CG) and Imperial Tobacco Group plc (NYSE: ITY), which boast free cash and dividends.

• Best Buy Co Inc (NYSE: BBY) is in talks with Vivek for a "foray" into India, the Economic Times reported.
  
• The Washington Post reported that Nigeria filed criminal charges against Pfizer Inc (NYSE: PFE) over child deaths.

Newspaper wrap-up 5-30-07: Bush taps Robert Zoellick to head World Bank originally appeared on BloggingStocks on Wed, 30 May 2007 09:04:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that Alcoa Inc (NYSE: AA) said it won't raise its $27.62B bid for Alcan Inc (NYSE: AL), possibly opening the door for rivals such as BHP Billiton Limited (NYSE: BHP) and Rio Tinto plc (NYSE: RTP).
• The Wall Street Journal's "Heard on the Street" column reported that analysts and investors think there's more room for growth at Tiffany & Co (NYSE: TIF).
• The Financial Times reported that institutional investors are looking to oust a board member at Exxon Mobil Corporation (NYSE: XOM) due to his "inaction" on their climate change strategy.

• The U.K. Times reported that HSBC Holdings (NYSE: HBC) is looking to expand into Colombia.
• The Economic Times reported that Wal-Mart Stores Inc (NYSE: WMT) may buy a stake in Indian logistics company Radhakrishna Foodland, citing the Indian company's founder.

Newspaper wrap-up 5-23-07: Wal-Mart may buy stake in Indian company originally appeared on BloggingStocks on Thu, 24 May 2007 09:15:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal (subscription required) reported that Wal-Mart Stores (NYSE: WMT) is helping to bring eBay Inc's (NASDAQ: EBAY) Skype "to the masses," by selling Skype Internet calling phone gear in the electronics section of its stores.
• The Wall Street Journal's "BreakingViews" section speculated that a merger between General Electric Company's (NYSE: GE) NBC and Yahoo Inc (NASDAQ: YHOO) would "make industrial sense."
• The Financial Times (subscription required) reported that the Bancroft family, which control a majority of the voting shares of Dow Jones and Company Inc (NYSE: DJ), is split over the idea of meeting with News Corporation (NYSE: NWS) Chairman Rupert Murdoch to discuss his $5B offer for Dow Jones.
• The Financial Times reported that Internet jewelry retailer Blue Nile Inc (NASDAQ: NILE) is launching operations in Europe.

• According to the Sunday Telegraph, Rio Tinto (NYSE: RTP) has hired Morgan Stanley to help defend itself in the event of an unsolicited takeover approach.
• The Sunday Telegraph reported that Clear Channel Communications Inc (NYSE: CCU) is expected to put its international poster business up for sale for as much as $3.2B.
• The Telegraph reported that rival groups are looking to stop Alcoa Inc's (NYSE: AA) hostile bid for Canadian aluminum producer Alcan Inc (NYSE: AL).
• The Economic Times reported that Polo Ralph Lauren Corporation (NYSE: RL) is in talks with "leading Indian business houses including the Tatas," according to sources.
  

• DigiTimes.com reported that the ATI Radeon HD that was just introduced by Advanced Micro Devices Inc (NYSE: AMD) has fallen short of expectations in terms of price, performance and energy efficiency.

Newspaper wrap-up 5-14-07: Wal-Mart pushing Skype originally appeared on BloggingStocks on Mon, 14 May 2007 09:15:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal (subscription required) reported that Hewlett-Packard Company (NYSE: HPQ) has pushed into the high-end copier market with two new multi-function color printers.
• According to people close to the matter, Sir Richard Branson's Virgin Atlantic Airways has agreed to but up to 24 of Boeing Company's (NYSE: BA) 787 Dreamliners, reported the Wall Street Journal.

• The Economic Times reported that US investment bank Lehman Brothers Holdings Inc (NYSE: LEH) will invest almost $80M in an Indian special economic zone, or SEZ, and may invest up to $300M in the venture.
• The Globe and Mail reported that Bed Bath & Beyond Inc (NASDAQ: BBBY) is looking for store locations in Canada, according to industry sources.

• TheDeal.com (subscription required) speculated that the proposed buyout of LaSalle Bank by Bank of America Corporation (NYSE: BAC) could catalyze a slew of bank acquisitions in the Chicago market, with possible acquirers including Fifth Third Bancorp (NASDAQ: FITB) and National City Corporation (NYSE: NCC), and possible targets including TCF Financial Corp (NYSE: TCB).
• DigiTimes.com reported that the VP of Taiwan Semiconductor Manufacturing Company (NYSE: TSM) reportedly said that a buyout of Semiconductor Manufacturing International Corporation (NYSE: SMI) by private equity firms would be positive.

Newspaper wrap-up 4-24-07: Virgin Airways to buy up to 24 Boeing jets originally appeared on BloggingStocks on Tue, 24 Apr 2007 09:20:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Barron's (subscription required) "Weekday Trader" advises avoiding Boston Scientific Corporation (NYSE: BSX) despite its recent rally.
• Barron's "Weekday Trader Extra" reported that the Bain Capital Partners and Thomas H. Lee Partners increased $39 a share offer for Clear Channel Communications Inc (NYSE: CCU) is not guaranteed to succeed, with Barron's saying $42 a share or higher likely would.
• Lockheed Martin Corporation (NYSE: LMT) and Northrop Grumman Corporation (NYSE: NOC) said that parts of the Coast Guard's "Deepwater" modernization program are under investigation by the Justice Department, reported the Wall Street Journal (subscription required).
• According to the Financial Times (subscription required), citing a comprehensive independent study from IHS, Iraq may hold twice as much oil in its reserves as previously thought.

• The Business reported that Barclays plc ADS (NYSE: BCS) may have identified several ways of offering a higher price for ABN Amro Holdings (NYSE: ABN), the Dutch bank it is trying to acquire, according to sources.
• The National Security Council, or NSC, has called for "special scrutiny" of VodafoneGroup plc ADS's (NYSE: VOD) takeover of Hutch-Essar, which may further delay the deal, reported the Economic Times.

• Macrumors.com reported, citing Reuters, that AT&T Inc (NYSE: T) COO Randall Stephenson said the Apple Inc (NASDAQ: AAPL) iPhone is on target for a late June launch.

Newspaper wrap-up 4-19-07: Iraq oil reserves may be double previous estimates originally appeared on BloggingStocks on Thu, 19 Apr 2007 09:16:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Time Warner Inc (NYSE: TWX) senior executives are considering reducing the company's cable-TV holdings over time, reported the Wall Street Journal.

• The $27B private equity buyout of Clear Channel Communications Inc (NYSE: CCU) is in greater jeopardy as the California Public Employees' Retirement System, or CalPERS, said yesterday that it plans to vote against the deal, reported the New York Post.
• According to diplomatic sources in Beijing, Iran and North Korea are working to "deepen cooperation" on the countries nuclear weapons technology, reported the Telegraph.
• India's Economic Times reported that Mid-sized Indian pharmaceutical companies including Orchid Chemicals, Strides Arcolab, Glenmark Pharma, Granules India, Shasun Chemicals and Plethico Pharmaceuticals are all looking for acquisitions in Russia, Europe and the United States.

• LightReading.com reported, citing a source close to the matter, that Sprint Nextel Corporation (NYSE: S) is considering a buyout of Vonage Holdings Corporation (NYSE: VG) and the two have been in talks to attempt to resolve Sprint's patent lawsuit against the VoIP provider.
• Rumors are swirling that "quality problems" may cause Apple Inc (NASDAQ: AAPL) to delay the launch of its upcoming iPhone, according to LoopRumors.com, citing Smarthouse News Australia.

Newspaper wrap-up 4-17-07: iPhone to be delayed? originally appeared on BloggingStocks on Tue, 17 Apr 2007 09:13:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that Sallie Mae (NYSE: SLM), the education loan company, has agreed to sell itself for $25B to J.P. Morgan Chase and Co (NYSE: JPM) and Bank of America Corporation (NYSE: BAC).
• The Wall Street Journal also reported that Google Inc (NASDAQ: GOOG) and Clear Channel Communications Inc (NYSE: CCU) have agreed to a multi-year deal in which Google will sell advertising on Clear Channel's 675-plus radio stations.

• According to the Daily Mail, Sir Richard Branson's Virgin is planning on taking on Ryanair Holdings plc (NASDAQ: RYAAY) in a air fare war for transatlantic routes.
• Nestle SA ADS (OTC: NSRGY) has reportedly placed a bid to acquire India's Mount Everest Mineral Water, according to the Economic Times.
• The U.K. Times reported that it has emerged that a key BP plc ADS (NYSE: BP) pipeline has been closed for over six months due to suspected corrosion.

Newspaper wrap-up 4-16-07: Sallie Mae to be bought out originally appeared on BloggingStocks on Mon, 16 Apr 2007 09:00:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that Marshall & Ilsley Corporation (NYSE: MI) is in negotiations to spin off its Metavante payment processing unit with Warburg Pincus, in a deal valued at about $4B.
• Former Starwood Hotels Worldwide Inc (NYSE: HOT) CEO Steve Heyer's unexpected departure from the company, without his $35M severance package, helped fuel speculation that Starwood might still be a buyout target, reported the Wall Street Journal.
• Takeover talks between TXU Corp (NYSE: TXU) and Blackstone have "fallen apart," reported the Financial Times. TXU was looking for a superior offer than the $69.25 per share offer it received from Kohlberg Kravis Roberts and Texas Pacific Group.

• The New York Times reported that Starbucks Corporation (NASDAQ: SBUX) is being accused by the National Labor Relations Board of breaking the law in an attempt to block union activity.
• EchoStar Communications Corp. (NASDAQ: DISH) and Google Inc (NASDAQ: GOOG) are partnering to create an automated system for buying, selling, delivering and measuring the impact of TV ads running on EchoStar's DISH Network, reported the Economic Times.
  
• Amgen Inc (NASDAQ: AMGN) has delayed plans to build a EUR820M manufacturing plant in Cork, Ireland by two years, reported the Irish Times.

Newspaper wrap-up 4-3-07: Google partnering with DISH Network originally appeared on BloggingStocks on Tue, 03 Apr 2007 09:20:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal's (subscription required) "Heard on the Street" column suggested that Deere and Company (NYSE: DE), which has risen 40% since lsat September, may be about to level off as analysts believe the positive outlook is already baked in to the stock price.
• The Wall Street Journal reported that Sanofi-Aventis ADS's (NYSE: SNY) Acomplia, a "miracle weight loss pill", is looking less like a miracle among repeated FDA delays and European restrictions.
• Barclays plc ADS (NYSE: BCS) says it would walk away rather than overpay for ABN Amro Holdings (NYSE: ABN), and rejected suggestions that it might then be vulnerable to a takeover itself, according to the Financial Times (subscription required).
• The Financial Times reported that Sony Corporation's (NYSE: SNE) PlayStation 3 video game console has had a record-breaking launch in Europe, selling about 600,000 consoles in its first two days.
• The Financial Times reported that U.S. drugmaker Merck & Company Inc (NYSE: MRK) won a restatement of its patent for once-weekly Fosamax treatment from the European Patent Office.
• The Financial Times interviewed Barry Diller, the CEO of InterActiveCorp (NASDAQ: IACI), who believes corporate governance may be pushing U.S. companies to go private.

• The New York Times reported that billionaires Eli Broad and Ronald Burkle may be back in the running to buy The Tribune Company (NYSE: TRB), which has responded to a request for additional financial information about the company from the pair.
• The Economic Times reported that Indian telecom operator Hutchison Essar is looking at outsourcing its IT operations to International Business Machines Corporation (NYSE: IBM), in a deal that would be worth $1.4B to $1.6B, according to sources.

Newspaper wrap-up 3-29-07: Sony has record European launch for PS3 originally appeared on BloggingStocks on Thu, 29 Mar 2007 09:00:00 EST. Please see our terms for use of feeds.