MAJOR PAPERS:

• Sprint Nextel Corporation's (NYSE: S) investors are unhappy, and led by the activist investor Ralph Whitworth, are voicing their displeasure with chairman and CEO Gary Forsee and the company's board, reported the Wall Street Journal.
• Merrill Lynch and Company (NYSE: MER) has fired several top executives as a result of the fallout from the credit crunch, The Financial Times reported.

• The Associated Press reported that members of the United Automobile Workers union at two General Motors Corporation (NYSE: GM) locals have approved the union's tentative contract agreement with GM, local union officials said Wednesday.
• Countrywide Financial Corporation (NYSE: CFC) has been ordered by a Delaware court to provide confidential information about its stock-granting practices to a Louisiana-based police pension fund that has invested in Countrywide, reported the Los Angeles Times.

• According to the Register, Alvarion Ltd (NASDAQ: ALVR) and Redline Performance Products (NASDAQ: REDL) are considered the most likely WiMAX companies to be acquired by Cisco Systems (NASDAQ: CSCO), but Airspan Networks (NASDAQ: AIRN), Aperto, and Navini have also been mentioned as possible acquisitions for the Internet networking giant.
• CNet.com reported that Yahoo Inc (NASDAQ: YHOO) is upgrading its e-mail system starting today with technology designed to block phishing, spam, and other fraudulent e-mails that look like they come from eBay (NASDAQ: EBAY) and PayPal, but actually don't.

Newspaper wrap-up: Activist investor displeased with Sprint originally appeared on BloggingStocks on Thu, 04 Oct 2007 09:11:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal's "Heard on the Street" column wrote that it may not be a good time to buy Bed Bath & Beyond Inc (NASDAQ: BBBY), due to the stocks slump, earnings that will miss estimates, the housing slump and edgy consumers.
• According to Barron's Online's "Weekday Trader," Smith & Wesson Holding Corporation's (NASDAQ: SWHC) fortunes could really take off if the U.S. Army decides to issue soldiers powerful .40 or .45 caliber pistols as standard-issue sidearms.
• The Financial Times reported that a review of data involving pharmaceutical company GlaxoSmithKline's (NYSE: GSK) diabetes drug did not reduce concerns about the drug's safety -- Some medical professionals have linked the company's diabetes drug, Avandia, to heart problems.

• Morgan Stanley (NYSE: MS) has advised its clients to reduce their exposure to stocks, after the investment bank's three key warnings began indicating sell signals for the first time since the dotcom bust, according to the Telegraph.

• According to technology website The Register, Google Inc (NASDAQ: GOOG) has acquired start-up PeakStream for an undisclosed sum.

Newspaper wrap-up 6-06-07: Google to acquire PeakStream originally appeared on BloggingStocks on Wed, 06 Jun 2007 09:15:00 EST. Please see our terms for use of feeds.