Media Digest 5/26/2006 YHOO, EBAY, DELL, GOOG, MT, MA, HD, F
Reuter reports that both Ken Lay and Jeffrey Skilling were convicted of most charges in the Enron trial and face many years in prison when sentenced September 11. Most of the charges involved fraud and conspiracy that lead to the collapse of the company.
Reuters also reported that Yahoo! and EBay are forming an alliance which will compete with certain parts of Google's business. Yahoo! will provide online advertising banners and some search functions for EBay and promote PayPal, Ebay's online payment system. EBays stock rose over 12% to $33.88. Yahoo!'s stock rose 3.6% to $32.92.
Reuters said that steel company Arcelor plans to merge with Russian steel manufacturer Severstal instead of accept a takeover bid from Mittal Steel.
Reuters also reported that Samsung claims that its semiconductor business hit its bottom in early May and that earnings should improve in the third quarter.
The Wall Street Journal reports that MasterCard's IPO went well rising $5.70 to $46.
According to the Journal, Home Depot Inc. shareholders rejected seven out of eight proxy proposals at the retailer's annual meeting This including giving investors an vote on executive compensation.
Also, the WSJ reported that Google and Dell have entered into an agreement to load certains Google software on millions of Dell computers before they are shipped.
According to the New York Times, over 26 hedge fund managers made in excess of $120 million each in 2005. T. Boone Pickens made $1.4 billion, due mostly to his energy funds.
The NYT says that S&P may cut Ford's debt rating again. It currently stands at BB-.
Douglas A. McIntyre
Reuters also reported that Yahoo! and EBay are forming an alliance which will compete with certain parts of Google's business. Yahoo! will provide online advertising banners and some search functions for EBay and promote PayPal, Ebay's online payment system. EBays stock rose over 12% to $33.88. Yahoo!'s stock rose 3.6% to $32.92.
Reuters said that steel company Arcelor plans to merge with Russian steel manufacturer Severstal instead of accept a takeover bid from Mittal Steel.
Reuters also reported that Samsung claims that its semiconductor business hit its bottom in early May and that earnings should improve in the third quarter.
The Wall Street Journal reports that MasterCard's IPO went well rising $5.70 to $46.
According to the Journal, Home Depot Inc. shareholders rejected seven out of eight proxy proposals at the retailer's annual meeting This including giving investors an vote on executive compensation.
Also, the WSJ reported that Google and Dell have entered into an agreement to load certains Google software on millions of Dell computers before they are shipped.
According to the New York Times, over 26 hedge fund managers made in excess of $120 million each in 2005. T. Boone Pickens made $1.4 billion, due mostly to his energy funds.
The NYT says that S&P may cut Ford's debt rating again. It currently stands at BB-.
Douglas A. McIntyre
posted by douglas mcintyre at 4:33 AM
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