Media Digest 6/16/2006 Wall Steet Journal, New York Times, Reuters
Stocks: (MSFT)(DD)(GM)(F)(GS)(ORCL)(VE)(CAT)(BCS)(HEW)(GIS)(CC)(BSX)(UAUA)(AMR)(CAL)(LCC)
According to Reuters, the EADS management first knew of the problems with the Airbus A380 superjet in April.
Reuters writes that Microsoft Chairman Bill Gates will reduce his role at the company over the next two years to focus on charity.
Reuters writes that DuPont's double digit growth in China will lead to increased investment and staff in the country. Dupont will more than double its $700 million investment in China by 2010.
Reuters also writes that over 33,000 workers at GM and parts supplier Delphi have already taken the buy-out offers from the two companies.
Goldman Sachs is trying to complete its acquisition of Associated British Ports but Australian bank Macquaire is also trying to buy the company.
The Wall Street Journal reports that Oracle has announced forecasts of better profit and revenue growth for the quarter ending May 31. Oracle expects revenue to rise 25% to $4.85 billion.
WSJ also writes that Ford is looking at building a new plant in Mexico, another blow to the UAW.
WSJ also reports that Vinci, the French contruction company has rejected a buyout offer from water utility Veolia.
WSJ writes that during the 1990s, Microsoft used a variation of options back-dating at low prices.
WSJ also reports that Caterpillar stock rose 5% to $70.85 when it reaffirmed its financial goals. Shares in Bear Stearns rose 5.9% to $131.56 on strong earnings. Shares of Hewitt fell 7.7% as the human resources company said its chairman was retiring and that it was reviewing its forecasts for the current quarter. The stock closed at $23.19. Shares of General Mills fell as it tempered forecasts for its next fiscal year. They were down 1.2% to $50.83. Share in Circuit Cities rose 6.3% to $30.01 on assumptions that the turnaround effort at the company is going well.
The New York Times reports that Boston Scientific say that a judge has upheld that a division of Johnson & Johnson infringed on stent patents that the company holds.
The NYT also writes that several large airlines are increasing fares including American, United, Northwest Air, Continental and U.S. Air followed a fare hike by Delta.
Douglas A. McIntyre
According to Reuters, the EADS management first knew of the problems with the Airbus A380 superjet in April.
Reuters writes that Microsoft Chairman Bill Gates will reduce his role at the company over the next two years to focus on charity.
Reuters writes that DuPont's double digit growth in China will lead to increased investment and staff in the country. Dupont will more than double its $700 million investment in China by 2010.
Reuters also writes that over 33,000 workers at GM and parts supplier Delphi have already taken the buy-out offers from the two companies.
Goldman Sachs is trying to complete its acquisition of Associated British Ports but Australian bank Macquaire is also trying to buy the company.
The Wall Street Journal reports that Oracle has announced forecasts of better profit and revenue growth for the quarter ending May 31. Oracle expects revenue to rise 25% to $4.85 billion.
WSJ also writes that Ford is looking at building a new plant in Mexico, another blow to the UAW.
WSJ also reports that Vinci, the French contruction company has rejected a buyout offer from water utility Veolia.
WSJ writes that during the 1990s, Microsoft used a variation of options back-dating at low prices.
WSJ also reports that Caterpillar stock rose 5% to $70.85 when it reaffirmed its financial goals. Shares in Bear Stearns rose 5.9% to $131.56 on strong earnings. Shares of Hewitt fell 7.7% as the human resources company said its chairman was retiring and that it was reviewing its forecasts for the current quarter. The stock closed at $23.19. Shares of General Mills fell as it tempered forecasts for its next fiscal year. They were down 1.2% to $50.83. Share in Circuit Cities rose 6.3% to $30.01 on assumptions that the turnaround effort at the company is going well.
The New York Times reports that Boston Scientific say that a judge has upheld that a division of Johnson & Johnson infringed on stent patents that the company holds.
The NYT also writes that several large airlines are increasing fares including American, United, Northwest Air, Continental and U.S. Air followed a fare hike by Delta.
Douglas A. McIntyre
posted by douglas mcintyre at 5:30 AM
Subscribe
<< Home