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digitimes.com posts

Newspaper wrap-up 5-22-07: Home Depot having trouble selling unit

Posted May 22nd 2007 9:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Home Depot (HD), Sony Corp ADR (SNE), CBS Corp 'B' (CBS)

MAJOR PAPERS:

Barron's Online's (subscription required) "Inside Scoop" section reported that Thomas Everist, an MDU Resources Group (NYSE: MDU) board member since 1995, has sold a total of 742K shares for a total of $22.6M in MDU stock since May 2, according SEC data.
The Wall Street Journal (subscription required) reported that EMI Group (OTC: EMIPY), the third largest music company by sales agreed to sell to Terra Firma Capital Partners for $4.74B, possibly ending its seven year battle with Warner Music Group Corp (NYSE: WMG).

OTHER PAPERS:

According to the New York Post, citing people familiar with the situation, the weakening housing market and other issues are making it difficult for Home Depot Inc (NYSE: HD) to sell its professional supply business.
Discovery Communications is in talks with CBS Corporation (NYSE: CBS) to sell half its Discovery Times channel and form a joint-venture partnership, according to sources close with the situation, reported the Washington Post.

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According to an NDP Group report, April sales of Nintendo's (OTC: NTDOY) Wii consoles were almost 3.5 times higher than Sony Corporation's (NYSE: SNE) PlayStation 3, reported DigiTimes.com.

Newspaper wrap-up 5-9-07: Private equity looking at Alltel

Posted May 9th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Intel (INTC), Citigroup Inc. (C), Sony Corp ADR (SNE), , BP p.l.c. ADS (BP)

MAJOR PAPERS:

According to people familiar with the matter, at least three groups of private-equity companies have formed to attempt to purchase wireless carrier Alltel Corporation (NYSE: AT), reported the Wall Street Journal (subscription required).
The Wall Street Journal's "Heard in Asia" column reported that in order for Sony Corporation's (NYSE: SNE) stock to rise when it reports next week, it is going to have to convince investors that its PlayStation unit is showing improvement.
The Financial Times (subscription required) reported that almost half of the senior management at Citigroup Inc's (NYSE: C) consumer operations have quit in the last 18 months, as criticism of CEO Chuck Prince has grown.

OTHER PAPERS:

According to the Telegraph, Royal Dutch Shell (NYSE: RDS.A) and BP plc ADS's (NYSE: BP) Russian joint venture, TNK-BP, are expected to join the auction for the 537-petrol station network belonging to Yukos. The bidding is expected to start at GBP150M.
GlaxoSmithKline plc ADR (NYSE: GSK) has begun to promote Alli, the first weight-loss drug to be approved by the FDA for over-the-counter sale, reported the New York Times.

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According to DigiTimes.com, citing industry insiders, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is looking to up production of Intel Corporation's (NADSAQ: INTC) 802.11n Wi-Fi chips at 0.13-micron in Q3, a sign of closer collaboration between the two companies.

Newspaper wrap-up 5-8-07: Arcelor-Mittal eyeing AK Steel

Posted May 8th 2007 9:10AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Microsoft (MSFT), Alcoa Inc (AA), Chevron Corp (CVX), Federal Natl Mtge (FNM), U.S. Steel (X)

MAJOR PAPERS:

The Wall Street Journal (subscription required) reported that Microsoft Corporation (NASDAQ: MSFT) has launched a new, free Web-based email, called Windows Live Hotmail, available in 36 different languages.
The Wall Street Journal reported that House lawmakers will challenge a deal made by House Financial Services Chairman Barney Frank and the U.S. Treasury to overhaul the supervision of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).
The Wall Street Journal's "Heard on the Street" column wrote that investors are betting that dealmaking is not done in commodities, with United States Steel Corporation (NYSE: X) and Alcoa Inc (NYSE: AA) among those that could receive takeover offers.
The Financial Times (subscription required) "Alphaville" section reported that Arcelor-Mittal (NYSE: MT) is looking at AK Steel Holding Corporation (NYSE: AKS), with a offer of as mush as $40 a share.

OTHER PAPERS:

The New York Times reported, citing investigators, that Chevron Corporation (NYSE: CVX) is preparing to acknowledge that it should have known kickbacks were being paid to Saddam Hussein on oil the company bought in Iraq.

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DigiTimes.com reported that Aruba Networks Inc (NASDAQ: ARUN) CEO Dominic Orr said that the company is expecting to nearly double its share in the global enterprise mobility solution market in 2008 from 10%-12% to around 20%.

Newspaper wrap-up 4-24-07: Virgin Airways to buy up to 24 Boeing jets

Posted Apr 24th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Hewlett-Packard (HPQ), Bank of America (BAC), Bed Bath and Beyond (BBBY), Boeing Co (BA)

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.

OTHER PAPERS:

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.

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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 4-23-07: Criminal case against Steve Jobs unlikely

Posted Apr 23rd 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Apple Inc (AAPL), Daimler (DAI), SLM Corp (SLM)

MAJOR PAPERS:

The Wall Street Journal (subscription required) reported that the UAW and representatives of Kirk Kerkorian, which made a $4.5B proposal for DaimlerChrysler AGs (NYSE: DCX) Chrysler unit, met to discuss the potential of an employee stock ownership plan and other alternatives to a takeover of the struggling automaker.
A $25B deal to take SLM Corporation (NYSE: SLM), known as Sallie Mae, private will most likely remain under the scrutiny of a federal regulator, reported the Wall Street Journal.

OTHER PAPERS:

The Washington Post reported that the FDA knew years in advance about contamination problems at a Georgia peanut butter plant and on California spinach farms that led to disease outbreaks, documents and interviews show.
According to an examination by the San Jose Mercury News, a criminal case against Apple Inc (NASDAQ: AAPL) CEO Steve Jobs in the stock-options backdating investigation looks unlikely.
According to Cinco Dias, Gottschalks Inc (NYSE: GOT) has hired UBS AG (NYSE: UBS) to explore options of a possible sale or a merger.

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Digitimes.com reported that Koninklijke Philips Electronics (NYSE: PHG) has decided to withdraw from the Taiwan handset market.

Newspaper wrap-up 4-13-07: Happy Friday the 13th!

Posted Apr 13th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Apple Inc (AAPL), Morgan Stanley (MS), Jones Apparel Group (JNY)

MAJOR PAPERS:

Morgan Stanley (NYSE: MS) is about to purchase 13 hotels from All Nippon Airways for about $1.2B, doubling the number of hotels the investment bank owns there, reported the Wall Street Journal.
The Financial Times reported that Apple Inc (NASDAQ: AAPL) announced it would delay shipping its new Leopard operating system until October, due to the summer launch of its iPhone.

OTHER PAPERS:

According to the New York Times, citing people briefed on the discussions, Sallie Mae (NYSE: SLM) is in talks to be acquired by private equity for more than $20B.
The Guardian reported that exiled Russian tycoon Boris Berezovsky is planning the "violent overthrow of [Russian] President Putin".
The New York Post reported that Dubai is looking at buying Jones Apparel Group Inc's (NYSE: JNY) Barneys New York for $950M. Contrary to previous reports, the suitor is not linked to Qatar's royal family, but is Istithmar, a private equity firm owned by the Dubai government.