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Thursday, October 12, 2006

Media Digest 10/12/2006 Reuters, WSJ, NYT


According to Reuters, the Industrial & Commercial Bank of China has attracted $100 billion in orders from institutions three days into its IPO process.

According to Reuters, Sony Ericsson see handset prices declining in Q4.

Reuters writes that Toyota sales in China are outpacing Ford and VW, with sales doubling in the first nine months of the year.

The Wall Street Journal says that Yahoo! is in talks to acquire community site Facebook, but the pace of the negotiations is slow.

The WSJ reports that Visa is planning an IPO to better compete with Mastercard which recently went public.

The WSJ also writes that Delphi is near a deal with GM and its unions. The deal would lock GM into a certain level of purchases of Delphi parts and would have GM underwrite certain Delphi labor costs.

The New York Times writes that Genentech will cap the costs for consumers of certain cancer drugs.

The NYT reports that a soft advertising environment lead to an earnings drop at Gannett.

Douglas A. McIntyre

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