MAJOR PAPERS:

• The Wall Street Journal reported that The ServiceMaster Company (NYSE: SVM) has shelved its $1.15B sale of junk bonds that would help to pay for the LBO of the company due to "investor nervousness."
• The Wall Street Journal reported that eBay Inc (NASDAQ: EBAY) has quietly opened a classified ad site in the U.S., which would rival Craigslist.
• According to people familiar with the situation, The Coca-Cola Company (NYSE: KO) has approached several private-equity firms that are involved in the bidding for Cadbury Schweppes plc's (NYSE: CSG) U.S. drinks business, reported the Wall Street Journal.

• Research in Motion Limited (NASDAQ: RIMM) has been given clearance to sell its BlackBerry device in China, reported the New York Times.
• Big names like International Business Machines Corporation (NYSE: IBM), Infosys Technologies Limited (NASDAQ: INFY), TCS and The Blackstone Group LP (NYSE: BX) are opting out of the bidding race for Citigroup Incorporated's (NYSE: C) BPO arm, reported the Times of India.

Newspaper wrap-up 7-05-07: Research in Motion to sell BlackBerries in China originally appeared on BloggingStocks on Thu, 05 Jul 2007 09:20:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• General Electric Company (NYSE: GE) is near a deal to sell its plastics division to Saudi Basic Industries for $11B, reported the Wall Street Journal (subscription required).
• Anheuser-Busch Companies Inc (NYSE: BUD) has stopped making its Spykes malt beverage amid poor sales and criticism that it was marketing to underage drinkers, reported the Wall Street Journal.

• According to the Telegraph, citing Cadbury-Schweppes ADS (NYSE: CSG), two rival private-equity groups are preparing to bid for the U.S. beverages arm of the company, with bids in the GBP8B range.
• The Times of India reported that Citigroup Inc (NYSE: C) is putting its captive business process outsourcing arm, which could be worth between $1B-$1.5B, on the block.
• BusinessWeek's "Inside Wall Street" column focused on OfficeMax Incorporated (NYSE: OMX), Verichip Corporation (NASDAQ: CHIP) and Morton's Restaurant Group (NYSE: MRT):
  
• Office Max may be a target for Staples Inc (NASDAQ: SPLS) or Office Depot Inc (NYSE: ODP).
  
• Verichip, a maker of RFID chips, is starting to get attention on Wall Street.
  
• Morton's is being helped by boardroom business being conducted at the upscale steakhouse.

Newspaper wrap-up 5-18-07: GE nears deal to sell division originally appeared on BloggingStocks on Fri, 18 May 2007 09:20:00 EST. Please see our terms for use of feeds.