Media Digest 7/18/2006
Stocks: (NYT)(MSFT)(PD)(N)(FAL)(GM)(UNH)(BRCD)(VZ)
According to Reuters, the New York Times will cut the width of its daily newspaper and lay-off over 1,000 employees in an effort to cut costs in the face of falling circulation and advertising lineage.
Reuters says that Microsoft will try to convince investors that it is still a growth stock when it reports earnings later this week. The stock is off almost 20% since its last quarterly report. Microsoft releases its new operating system in January 2007.
Reuters writes that Xstrata will have to up its offer for mining firm Falconbridge if it want to buy the company. Inco and Phelps Dodge have increased their rival offer.
The Wall Street Journal says that the former CEO of Brocade could face criminal charges in the dating of options at the storage-network company.
WSJ writes that some investors are using the probe of stock option grants at UnitedHealth Group to buy the stock at lower levels. The company's earnings continue to rise as does the operating cashflow.
WSJ reports that a senior GM official said that the company's move away from discount pricing is working. The company argues that over the last nine months the company's share in North America has stabalized at 24%.
The Financial Times writes that the first civil charges will be brought very soon. The report is based on comments made yesterday by the SEC chairman.
Reuters writes that Microsoft has filed suits against 26 resellers for illegally selling and pirating copies of the company's software.
The New York Times reports that several private equity firms have proposed buying Verizon's directory unit. The business could be worth as much as $14 billion.
Douglas A. McIntyre
According to Reuters, the New York Times will cut the width of its daily newspaper and lay-off over 1,000 employees in an effort to cut costs in the face of falling circulation and advertising lineage.
Reuters says that Microsoft will try to convince investors that it is still a growth stock when it reports earnings later this week. The stock is off almost 20% since its last quarterly report. Microsoft releases its new operating system in January 2007.
Reuters writes that Xstrata will have to up its offer for mining firm Falconbridge if it want to buy the company. Inco and Phelps Dodge have increased their rival offer.
The Wall Street Journal says that the former CEO of Brocade could face criminal charges in the dating of options at the storage-network company.
WSJ writes that some investors are using the probe of stock option grants at UnitedHealth Group to buy the stock at lower levels. The company's earnings continue to rise as does the operating cashflow.
WSJ reports that a senior GM official said that the company's move away from discount pricing is working. The company argues that over the last nine months the company's share in North America has stabalized at 24%.
The Financial Times writes that the first civil charges will be brought very soon. The report is based on comments made yesterday by the SEC chairman.
Reuters writes that Microsoft has filed suits against 26 resellers for illegally selling and pirating copies of the company's software.
The New York Times reports that several private equity firms have proposed buying Verizon's directory unit. The business could be worth as much as $14 billion.
Douglas A. McIntyre
posted by douglas mcintyre at 5:02 AM
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