Media Digest 6/17/2006
Stocks; (SBUX)(ORCL)(NYX)(HD)(F)
According to Reuters, Starbucks has been targeted by The Center for Science in the Public Interest because of the high fat content of some of its products. The center will begin a campaign against the coffee chain.
Reuters writes that, based on Oracle's strong financial results, it appears that the company's efforts to purchase other software companies and integrate the products and services is starting to pay off. Oracle has spent $19 billion over the past several years building a company that can compete with SAP, the German software giant.
Reuters reports that the nead of the NYSE Group says that its rival bidder for European exchange Euronext cannot offer the strategic or financial strengths that the NYSE. He downplayed the viability of the bid from Deutsche Boerse.
The Wall Street Journal reports that Home Depot said it have five instances of incorrect dating of stock options, all before 2000.
WSJ also reports that Ford says that 10,000 to 11,000 workers will take its buy-out offers this year. Ford is making an effort to cut its workforce to become more competitive in North America.
WSJ says that Nissan has cutback output due to weak demand for its vehicles in Japan and North America.
The New York Times says that it will terminate the pension plans for 13,000 active and retired pilots. The termination of the plan will allow 1,000 pilots to stay beyond a July 1 date that would have forced their early retirements.
The NYT also reports that the head of EADS, which control Airbus, claims that his sale of stock was a "coincidence" and not related to a problem with the company's new jumbo jet.
NYT also said that Ford will revamp three plants in Mexico to lower costs.
Douglas A. McIntyre
According to Reuters, Starbucks has been targeted by The Center for Science in the Public Interest because of the high fat content of some of its products. The center will begin a campaign against the coffee chain.
Reuters writes that, based on Oracle's strong financial results, it appears that the company's efforts to purchase other software companies and integrate the products and services is starting to pay off. Oracle has spent $19 billion over the past several years building a company that can compete with SAP, the German software giant.
Reuters reports that the nead of the NYSE Group says that its rival bidder for European exchange Euronext cannot offer the strategic or financial strengths that the NYSE. He downplayed the viability of the bid from Deutsche Boerse.
The Wall Street Journal reports that Home Depot said it have five instances of incorrect dating of stock options, all before 2000.
WSJ also reports that Ford says that 10,000 to 11,000 workers will take its buy-out offers this year. Ford is making an effort to cut its workforce to become more competitive in North America.
WSJ says that Nissan has cutback output due to weak demand for its vehicles in Japan and North America.
The New York Times says that it will terminate the pension plans for 13,000 active and retired pilots. The termination of the plan will allow 1,000 pilots to stay beyond a July 1 date that would have forced their early retirements.
The NYT also reports that the head of EADS, which control Airbus, claims that his sale of stock was a "coincidence" and not related to a problem with the company's new jumbo jet.
NYT also said that Ford will revamp three plants in Mexico to lower costs.
Douglas A. McIntyre
posted by douglas mcintyre at 7:32 AM
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