Daily Press Digest 5/23/06 GOOG, EC, NVS, BF, INTC, FNM, CPB, CMCSA, TWX,
According to Reuters, Euronext, the European exchange, says that the revised offer from Deutsche Boerse is no better than the one it made over the weekend. The New York Stock Exchange is also trying to buy Euronext. Other reports, at MarketWatch, described the new bid as being 10% above the NYSE offer.
Reuters reports that Google (GOOG) Adsense, the text link offering that runs at thousand of affiliated websites, will begin to offer video ads to sites in its network. This could be views as competition for TV ads.
Reuters also reports that Novartis (NVS) will offer a drug for malaria that can be taken in one dose. According to the news service, the disease kills one million people a year.
Also from Reuters, Intel (INTC) is forming a venture with Videsh Sanchar Nigam Ltd. in India to offer wireless broadband.
According to the New York Times, Fannie Mae (FNM) will pay $400 million to settled claims that the senior management at the mortgage company manipulated earnings in the 1990s.
The NYT also reports that VOIP giant Vonage, which is about to go public, is likely to face increasing competition from large cable companies like Time Warner (TWX) Cablevision (CMCSA), and Cox, who also want to cash in on the movement to IP phone service using their existing, extensive networks.
According to the NYT, a start-up, M2Z, has petitioned the FCC to open up radio spectrum so that it can provide wireless internet access to most of the U.S.
The Wall Street Journal says that hedge funds that have put money into emerging market securities could be hurt by the recent sharp sell-off in those markets.
WSJ also reports that online shopping will rise 20% in 2006 to $211 billion.
The WSJ reports the Campbell Soup(CPB) profits rose 14% to $166 million as revenue rose to $1.84 billion.
Also in the WSJ, BASF (BF) has increased its hostile bid for Engelhard to $39 or about $5 billion.
Douglas A. McIntyre
Reuters reports that Google (GOOG) Adsense, the text link offering that runs at thousand of affiliated websites, will begin to offer video ads to sites in its network. This could be views as competition for TV ads.
Reuters also reports that Novartis (NVS) will offer a drug for malaria that can be taken in one dose. According to the news service, the disease kills one million people a year.
Also from Reuters, Intel (INTC) is forming a venture with Videsh Sanchar Nigam Ltd. in India to offer wireless broadband.
According to the New York Times, Fannie Mae (FNM) will pay $400 million to settled claims that the senior management at the mortgage company manipulated earnings in the 1990s.
The NYT also reports that VOIP giant Vonage, which is about to go public, is likely to face increasing competition from large cable companies like Time Warner (TWX) Cablevision (CMCSA), and Cox, who also want to cash in on the movement to IP phone service using their existing, extensive networks.
According to the NYT, a start-up, M2Z, has petitioned the FCC to open up radio spectrum so that it can provide wireless internet access to most of the U.S.
The Wall Street Journal says that hedge funds that have put money into emerging market securities could be hurt by the recent sharp sell-off in those markets.
WSJ also reports that online shopping will rise 20% in 2006 to $211 billion.
The WSJ reports the Campbell Soup(CPB) profits rose 14% to $166 million as revenue rose to $1.84 billion.
Also in the WSJ, BASF (BF) has increased its hostile bid for Engelhard to $39 or about $5 billion.
Douglas A. McIntyre
posted by douglas mcintyre at 4:45 AM
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