Media Digest 6/27/2006
Stocks: (GM)(GOOG)(NYX)(TWX)(UVN)(KFT)(T)(BSX)(TTWO)
According to Reuters, GM announced that 35,000 hourly workers, which is about a third of the company's workforce, accepted buyouts and will leave the firm.
The Wall Street Journal says that Google will begin to test its new online payment system as early as this week.
Reuters says that the SEC will issue guidelines on options grants this summer in reaction to the scandal that now involves options dating at over 100 companies.
The New York Stock Exchange says it will close the Euronext deal in early 2007, according to Reuters.
The WSJ says that Univision, the broadcaster, will be sold to a group of private equity firms for 12.3 billion plus the assumption of $1.1 billion in debt.
The Wall Street Journal reports that the Warner Bros. unit of Time Warner will distribute movies and TV shows over the Guba.com's video sharing and community site, the first such deal in the industry.
The WSJ reports that Kraft Foods has replaced its CEO with a former senior manager at the company probably because the firms turnaround was progressing too slowly.
The WSJ also writes that AT&T is making its new internet TV service available starting in San Antonio.
The WSJ also writes that Boston Scientific is recalling pacemakers. The recall includes almost 23.000 units which can malfunction.
According the the New York Times, Take-Two has received a grand jury subpoena seeking information about the company's business practices going back to 2001.
Douglas A. McIntyre
According to Reuters, GM announced that 35,000 hourly workers, which is about a third of the company's workforce, accepted buyouts and will leave the firm.
The Wall Street Journal says that Google will begin to test its new online payment system as early as this week.
Reuters says that the SEC will issue guidelines on options grants this summer in reaction to the scandal that now involves options dating at over 100 companies.
The New York Stock Exchange says it will close the Euronext deal in early 2007, according to Reuters.
The WSJ says that Univision, the broadcaster, will be sold to a group of private equity firms for 12.3 billion plus the assumption of $1.1 billion in debt.
The Wall Street Journal reports that the Warner Bros. unit of Time Warner will distribute movies and TV shows over the Guba.com's video sharing and community site, the first such deal in the industry.
The WSJ reports that Kraft Foods has replaced its CEO with a former senior manager at the company probably because the firms turnaround was progressing too slowly.
The WSJ also writes that AT&T is making its new internet TV service available starting in San Antonio.
The WSJ also writes that Boston Scientific is recalling pacemakers. The recall includes almost 23.000 units which can malfunction.
According the the New York Times, Take-Two has received a grand jury subpoena seeking information about the company's business practices going back to 2001.
Douglas A. McIntyre
posted by douglas mcintyre at 4:45 AM
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