News Digest 6/21/2006
Stocks: (UNV)(BUD)(GM)(NRG)(DD)(BP)(NWS)(MRK)(FDX)(PHG)(KR)
According to the Wall Street Journal, bidders for Univision will not pay a premium. Most offers will be close to the current price of $35.40 making the company's value about $11 billion.
The WSJ writes that Anheuser-Busch is considering making an entry into the hard liquor business as beer loses share to spirits.
WSJ writes that Moody's and S&P cut some GM debt as the auto company announced plans to amend a loan facility.
WSJ also reports that NRG plans to build power plant that would increase its capacity to product energy by about 40%
WSJ also writes that News Corp's MySpace community site is building sections that will be "safe" for advertisers screening out controversial material.
WSJ reports that Merck will price Zocor below a new generic competitor.
WSJ writes that DuPont and BP are joining forces to make a competitor to Ethanol, sugar-beet-derived butanol.
WSJ also reports that Fedex's shares have moved up sharply recently doubling since 2003. With financial results about to come out, investors wonder if the company can do well in a slowing economy.
Reuters reports that Euronext, the European exchange has started detailed talks with Italy's Borsa Italiana.
Reuters also reports that Philips said that its will take public or sell its chip unit and maintain only a minority interest. The unit had sales of $5.8 billion last year.
The New York Times writes that contruction for new homes was up in May, the first rise in three months.
The Times also reports that Kroger reported a profit and raised guidance. Sales rose over 8% to $19.4 billion,
Douglas A. McIntyre
According to the Wall Street Journal, bidders for Univision will not pay a premium. Most offers will be close to the current price of $35.40 making the company's value about $11 billion.
The WSJ writes that Anheuser-Busch is considering making an entry into the hard liquor business as beer loses share to spirits.
WSJ writes that Moody's and S&P cut some GM debt as the auto company announced plans to amend a loan facility.
WSJ also reports that NRG plans to build power plant that would increase its capacity to product energy by about 40%
WSJ also writes that News Corp's MySpace community site is building sections that will be "safe" for advertisers screening out controversial material.
WSJ reports that Merck will price Zocor below a new generic competitor.
WSJ writes that DuPont and BP are joining forces to make a competitor to Ethanol, sugar-beet-derived butanol.
WSJ also reports that Fedex's shares have moved up sharply recently doubling since 2003. With financial results about to come out, investors wonder if the company can do well in a slowing economy.
Reuters reports that Euronext, the European exchange has started detailed talks with Italy's Borsa Italiana.
Reuters also reports that Philips said that its will take public or sell its chip unit and maintain only a minority interest. The unit had sales of $5.8 billion last year.
The New York Times writes that contruction for new homes was up in May, the first rise in three months.
The Times also reports that Kroger reported a profit and raised guidance. Sales rose over 8% to $19.4 billion,
Douglas A. McIntyre
posted by douglas mcintyre at 4:43 AM
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