Media Digest 7/5/2006
Stocks: (GM)(DCX)(MSFT)(SNE)(SBUX)(FAL)(N)(PD)(FNM)(FRE)
The Financial Times writes that the CEO of Renault and Nissan, Carlos Ghosn, will meet with the head of GM later this month to discuss a partnership among the three companies.
According to Reuters, the CEO of DaimlerChrysler said that savings in auto company partnerships are hard to come by warning against optimism about the potential partnership between GM and Renault and Nissan.
Reuters reports that Bertelsmann is considering selling part of its stake in music company Sony BMG.
Reuters reports that Starbucks Japan will open another 100 stores.
The Wall Street Journal reports that Nissan investors showed concerns about a possible partnership with GM and a French government official did the same. The French government owns a large stake in Renault.
WSJ said that GM sales in China were up. GM sales in that country rose 47% in the first half of the year and the auto makers share of the market rose to 12.5%.
WSJ writes that the head regulator of Fannie Mae and Freddie Mac expressed the opinion that the companies should keep the ability to prop up the mortgage markets in times of trouble.
The WSJ reports that Telstra, the Australian phone company wants that country's government to go ahead with a sale of its stake in the company, preferably to retail investors.
The New York Times reports that regulators in Canada and the EU may slow down the acquisition of Falconbridge by Inco. The combines company will be purchased by Phelps Dodge.
NYT reports that Microsoft is running out of space to house employees at its headquarters outside Seattle. The company plans to add 12,000 employess.
Douglas A. McIntyre
The Financial Times writes that the CEO of Renault and Nissan, Carlos Ghosn, will meet with the head of GM later this month to discuss a partnership among the three companies.
According to Reuters, the CEO of DaimlerChrysler said that savings in auto company partnerships are hard to come by warning against optimism about the potential partnership between GM and Renault and Nissan.
Reuters reports that Bertelsmann is considering selling part of its stake in music company Sony BMG.
Reuters reports that Starbucks Japan will open another 100 stores.
The Wall Street Journal reports that Nissan investors showed concerns about a possible partnership with GM and a French government official did the same. The French government owns a large stake in Renault.
WSJ said that GM sales in China were up. GM sales in that country rose 47% in the first half of the year and the auto makers share of the market rose to 12.5%.
WSJ writes that the head regulator of Fannie Mae and Freddie Mac expressed the opinion that the companies should keep the ability to prop up the mortgage markets in times of trouble.
The WSJ reports that Telstra, the Australian phone company wants that country's government to go ahead with a sale of its stake in the company, preferably to retail investors.
The New York Times reports that regulators in Canada and the EU may slow down the acquisition of Falconbridge by Inco. The combines company will be purchased by Phelps Dodge.
NYT reports that Microsoft is running out of space to house employees at its headquarters outside Seattle. The company plans to add 12,000 employess.
Douglas A. McIntyre
posted by douglas mcintyre at 4:52 AM
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