Media Digest 6/15/2006
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Reuters says that the CEO of Pfizer is still making a decision on what to do with the company's comsumer products division. It could be spun off or sold.
According to Reuters, the head of the Bank of Japan is involved in a scandal for having invested in a fund run by an ex-bureaucrat accused of insider trading.
Reuters writes that Goldman Sachs has raised its bid for Associate British ports to $4.75 billion after another group said it might make a bid.
Reuters writes that Xstrada has received approval from the Canadian government to buy mining company Falconbridge.
Reuters say that General Mills raised its profit target for 2006 to $2.90 a share. The previous forecast was for $2.80 to $2.85.
Reuters reports that executives at Ford said that progress to cut costs and reduce payroll are going faster than expected.
According to the Wall Street Journal, Michaels Stores said it underestimated compensation expense by about $60 million from 1990 to 2001 due to options dating.
WSJ says that Fannie Mae has pledged to complete its restatment of earnings by year-end.
WSJ writes that United Airlines will cut about 1.000 management jobs or 11% of that part of its workforce.
Accroding to WSJ, Boeing rose 6.5% yesterday to $82.01. Intel rose 3.6% to$17.73. SanDisk gained 3.2% to $51.50. AMD gained 3% to $25.11. IPO VeraSun rose 30% to $30. optionsExpress fell 15% to $22.23 due to a slowdown in its business.
The New York Times reports that Dell is trying to regain its footing with investors. One of the issues that the company has to address is its customer service. Another is that it does not have a cost advantage in low-price notebook computers.
NYT writes that TimeWarner unit AOL will turn its Netscape site into a quasi-online newspaper. The site will link to news articles submitted by users and also have a collection of blogs.
Douglas A. McIntyre
Reuters says that the CEO of Pfizer is still making a decision on what to do with the company's comsumer products division. It could be spun off or sold.
According to Reuters, the head of the Bank of Japan is involved in a scandal for having invested in a fund run by an ex-bureaucrat accused of insider trading.
Reuters writes that Goldman Sachs has raised its bid for Associate British ports to $4.75 billion after another group said it might make a bid.
Reuters writes that Xstrada has received approval from the Canadian government to buy mining company Falconbridge.
Reuters say that General Mills raised its profit target for 2006 to $2.90 a share. The previous forecast was for $2.80 to $2.85.
Reuters reports that executives at Ford said that progress to cut costs and reduce payroll are going faster than expected.
According to the Wall Street Journal, Michaels Stores said it underestimated compensation expense by about $60 million from 1990 to 2001 due to options dating.
WSJ says that Fannie Mae has pledged to complete its restatment of earnings by year-end.
WSJ writes that United Airlines will cut about 1.000 management jobs or 11% of that part of its workforce.
Accroding to WSJ, Boeing rose 6.5% yesterday to $82.01. Intel rose 3.6% to$17.73. SanDisk gained 3.2% to $51.50. AMD gained 3% to $25.11. IPO VeraSun rose 30% to $30. optionsExpress fell 15% to $22.23 due to a slowdown in its business.
The New York Times reports that Dell is trying to regain its footing with investors. One of the issues that the company has to address is its customer service. Another is that it does not have a cost advantage in low-price notebook computers.
NYT writes that TimeWarner unit AOL will turn its Netscape site into a quasi-online newspaper. The site will link to news articles submitted by users and also have a collection of blogs.
Douglas A. McIntyre
posted by douglas mcintyre at 5:04 AM
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