TelecomPaper posts
FeedPosted Sep 13th 2007 9:08AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Apple Inc (AAPL), ConocoPhillips (COP),
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MAJOR PAPERS:
- Barron's Online's (subscription required) "Weekday Trader" is inclined to take profits in the disk-drive market while others are popping the champagne; specifically in Western Digital Corporation (NYSE: WDC), which Barron's wrote about positively four months ago and has appreciated 29.6%.
- Emerging markets are outperforming their U.S. and European counterparts this year, but investing in some countries -- including Turkey and Hungary -- is still risky, according to the "Heard on the Street" column in today's Wall Street Journal (subscription required).
- The Financial Times (subscription required) reported that Russian oil company Lukoil Holding (OTC: LUKOY), which is 20% owned by ConocoPhillips (NYSE: COP), is planning a $9B European spending spree.
OTHER PAPERS:
- The Los Angeles Times reported that Washington Mutual Inc (NYSE: WM), the largest U.S. savings and loan bank, will close two mortgage divisions, resulting in about 1,000 job cuts.
- Spanish telecommunications company Telefonica SA (NYSE: TEF) said it is in talks with Apple Inc (NASDAQ: AAPL) concerning the right to sell the company's new phone, the iPhone, in Spain, next summer, Telecom Paper (subscription required) reported.
WEBSITES:
- A rumored partnership between Apple and Volkswagen AG (OTC: VLKAY) to develop an "iCar" with iPod connectivity could benefit both companies but is unlikely to yield an actual automobile for three or four years, according to market intelligence firm iSuppli Corp., reported AppleInsider.com.
Why isn't Bank of America updating its shareholders on CEO situation?
Before the bell: Futures sharply lower on Dubai's debt problems
Will Rich Ross really have a positive impact on Disney's movie operations?
