Media Digest 6/22/2006
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Reuters writes that Britain's Office of Fair Trade and the U.S. Justice Department are looking into price fixing by major airlines including British Airways.
Reuters also writes that Ford says that it is on track to be profitable in its North American operations by 2008. The company also released it 2007 model line.
Reuters reports Chrysler will offer discounts on its cars in July to clear out inventory.
Reuters also reports that Alcoa believes that aerospace use will increase demand for aluminum.
Reuters writes that Adobe and Google will enter a cooperative venture that will include distributing Google products with Adobe's Shockwas player.
Reuters also writes that Allianz will cut 7,500 jobs and restructure is Dresdner Bank operations.
Reuters also reports that private equity groups Blackstone and KKR have dropped out of the bidding for Univision.
The Wall Street Journal writes that Federated is near a deal to sell its Lord & Tayler stores to NRDC and Apollo Real Estate Advisors.
WSJ also writes that Goodyear will cut is production of low-end tires because of increased commodity prices and lack of demand.
WSJ also writes that Boeing may sell its Connexion in-flight internet venture to a satellite company or private equity group.
The New York Times writes that Royal Dutch Shell, Chevron, and ConocoPhilips might be willing to give up tax benefits for drilling in the Gulf of Mexico as they face angry lawmakers who are unhappy about the tax breaks.
NYTimes reports that the FCC has adopted rules that would require internet phone providers to pay a fee to underwrite services in rural and low-income areas. The decision could affect companies like Vonage.
Douglas A. McIntyre
Reuters writes that Britain's Office of Fair Trade and the U.S. Justice Department are looking into price fixing by major airlines including British Airways.
Reuters also writes that Ford says that it is on track to be profitable in its North American operations by 2008. The company also released it 2007 model line.
Reuters reports Chrysler will offer discounts on its cars in July to clear out inventory.
Reuters also reports that Alcoa believes that aerospace use will increase demand for aluminum.
Reuters writes that Adobe and Google will enter a cooperative venture that will include distributing Google products with Adobe's Shockwas player.
Reuters also writes that Allianz will cut 7,500 jobs and restructure is Dresdner Bank operations.
Reuters also reports that private equity groups Blackstone and KKR have dropped out of the bidding for Univision.
The Wall Street Journal writes that Federated is near a deal to sell its Lord & Tayler stores to NRDC and Apollo Real Estate Advisors.
WSJ also writes that Goodyear will cut is production of low-end tires because of increased commodity prices and lack of demand.
WSJ also writes that Boeing may sell its Connexion in-flight internet venture to a satellite company or private equity group.
The New York Times writes that Royal Dutch Shell, Chevron, and ConocoPhilips might be willing to give up tax benefits for drilling in the Gulf of Mexico as they face angry lawmakers who are unhappy about the tax breaks.
NYTimes reports that the FCC has adopted rules that would require internet phone providers to pay a fee to underwrite services in rural and low-income areas. The decision could affect companies like Vonage.
Douglas A. McIntyre
posted by douglas mcintyre at 5:03 AM
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