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.

• 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.

• 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: Buffett interested in Countrywide (CFC)? originally appeared on BloggingStocks on Tue, 21 Aug 2007 08:56:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal's (subscription required) "Heard on the Street" column speculated that the stock of Fiat SpA ADR (NYSE: FIA), which has been a remarkable turnaround story, may be running out of gas.
• The Financial Times (subscription required) reported that Citigroup Inc (NYSE: C) announced that it has completed a $13.4B takeover Nikko Cordial, Japan's third largest brokerage firm.

• Canadian aluminum producer Alcan Inc's (NYSE: AL) CEO Dick Evans said yesterday that a federal budget measure that will scrap a tax deduction could make the company a foreign takeover target, reported the Globe and Mail, with Rio Tinto PLC (NYSE: RTP) and Companhia Vale do Rio Doce (NYSE: RIO) as possible suitors.
• The New York Times reported that online retailer Amazon.com Inc (NASDAQ: AMZN) is expanding a program, known as Fulfillment by Amazon, which is designed to allow independent sellers, including e-auction rival eBay Inc (NASDAQ: EBAY), to use its distribution center network to store and ship their products.
• From BusinessWeek's "Inside Wall Street" section:
• Some pros believe the recovery plan at Cooper Companies Inc (NYSE: COO) is working.
• Insurer Progressive Corporation (NYSE: PGR) looks cheap at about $23.
  
• Metabolix Inc's (NASDAQ: MBLX) deal with Archer Daniels Midland Company (NYSE: ADM) reduces risk in the name.

Newspaper wrap-up 4-27-07: Citigroup acquires Nikko Cordial originally appeared on BloggingStocks on Fri, 27 Apr 2007 09:00:00 EST. Please see our terms for use of feeds.