Media Digest 5/30/2006 GE, GM, MSFT, KMI, GS, VOD, IBM
Reuters reports that the CEO and management of pipeline company Kinder Morgan and Goldman Sachs have of $13.4 billion in a move to take the company private.
Reuters also writes that Vodafone will boost its dividend. The company is planning to return an additional $5.6 billion to shareholders, after announcing strong earnings. The company already announced that it would return over $11 billion after the sale of its Japanese unit.
Reuters writes that BAA has rejected an $18 billion offer from Groupo Ferrovial. BAA operates airports.
Reuters also reports that IBM will be able to sell its 15% in Chinese computer company Lenovo in November 2007, six months earlier than originally agreed.
The Wall Street Journal reports that U.S. catalyst maker Engelhard will accept a $5 billion buy-out offer from BASF of Germany.
As GE pushes to get more of its growth from developing markets, the company's CEO is expected to forecast revenue in that country of $8 billion by 2010. This is eight times what the company did in India last year. GE expects sales of its heavy equipment would make up a great deal of the increase.
According to the New York Times, GM's investment in Daewoo Motor has been a success. Its sales of cars in China are rising and GMDaewoo sold 1.16 million cars, double the year before and sales are up 53% in the first four months of this year. The company is now Korea's second largest car manufacturer.
The NYT also reports that China is beginning to seriously attack software piracy in that company, a move that could eventually help Microsoft and other U.S. software companies.
Douglas A. McIntyre
Reuters also writes that Vodafone will boost its dividend. The company is planning to return an additional $5.6 billion to shareholders, after announcing strong earnings. The company already announced that it would return over $11 billion after the sale of its Japanese unit.
Reuters writes that BAA has rejected an $18 billion offer from Groupo Ferrovial. BAA operates airports.
Reuters also reports that IBM will be able to sell its 15% in Chinese computer company Lenovo in November 2007, six months earlier than originally agreed.
The Wall Street Journal reports that U.S. catalyst maker Engelhard will accept a $5 billion buy-out offer from BASF of Germany.
As GE pushes to get more of its growth from developing markets, the company's CEO is expected to forecast revenue in that country of $8 billion by 2010. This is eight times what the company did in India last year. GE expects sales of its heavy equipment would make up a great deal of the increase.
According to the New York Times, GM's investment in Daewoo Motor has been a success. Its sales of cars in China are rising and GMDaewoo sold 1.16 million cars, double the year before and sales are up 53% in the first four months of this year. The company is now Korea's second largest car manufacturer.
The NYT also reports that China is beginning to seriously attack software piracy in that company, a move that could eventually help Microsoft and other U.S. software companies.
Douglas A. McIntyre
posted by douglas mcintyre at 4:44 AM
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