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Newspaper wrap-up: Carl Icahn expected to join WCI board

Posted Aug 29th 2007 9:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines

MAJOR PAPERS:

Chrysler LLC is discussing shuttering or selling Mopar, its auto parts unit, and Chrysler Transport, the overseer of supplies to Chrysler's plants, reported the Wall Street Journal (subscription required).
Tomorrow, troubled condo developer WCI Communities Inc (NYSE: WCI) is expected to vote Carl Icahn and two of his representatives to the company's board, reported the Wall Street Journal.
Barron's Online's (subscription required) "Inside Scoop" column reported that Pep Boys (NYSE: PBY) director James Mitarotonda, a director since August 2006, purchased over $1.2M in stock through his equity fund Barington Companies Equity Partners on Aug. 23 and 24 according to SEC data.
The sale of a 20% strategic stake in Semiconductor Manufacturing International Corporation (NYSE: SMI), China's biggest chipmaker, has stalled, as the company's board is reportedly undecided about how to proceed, reported the Financial Times (subscription required).

OTHER PAPERS:

Nasdaq Stock Market Inc (NASDAQ: NDAQ) has agreed to seek the approval of London Stock Exchange CEO Clara Furse before it sells its minority stake in the British exchange to any single buyer, reported the Independent.