Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
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MAJOR PAPERS:- FCC chairman Ken Martin may use an obscure portion of the 1984 Cable Act to force cable companies to cut the rates they charge programmers who lease spare channels, reported the Wall Street Journal.
- The sale of Wendy's International Inc (NYSE: WEN) may be delayed due to the turmoil in the credit market, the New York Times reported.
- The UK Times reported that Baugur Group has hired NM Rothschild and Financo to help advise on the takeover of Saks Incorporated (NYSE: SKS). The takeover bid is said to be worth between $3B and $4B.
- Time Warner Inc's (NYSE: TWX) AOL division acquired question-and-answer-service Web site Yedda for tens of millions of dollars, Haaretz reported.
- According to TMCnet.com, the recent news of Sprint Nextel Corporation (NYSE: S) no longer working with Clearwire Corporation (NASDAQ: CLWR) only adds to the rumors of an acquisition by Google Inc (NASDAQ: GOOG).
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