Media

Media Digest 4/9/2007 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, a US review into past money transfers a ABN Amro could derail its merger with Barclays (BCS).

Reuters writes that a group of investors from the Middle East and the US are planning to take Dow Chemical private (DOW).

Reuters writes that Citigroup (C) is considering buying hedge fund Old Lane LP to get its CEO to serve in a top job at Citi.

Reuters writes that first quarter earnings for S&P 500 companies are only expected to rise 5%.

Reuters writes that the CEO of Palm (PALM) is focusing on gaining share back from Research In Motion (RIMM) and Nokia (NOK) and not on selling the company.

The Wall Street Journal writes that Yahoo! (YHOO), Sandisk (SNDK) and Samsung are building a wireless MP3 player to compete with Apple‘s (AAPL) iPod.

The WSJ writes that Citigroup is likely to announce thousands of job cuts and other expense reductions later this week.

The WSJ reports that Hewlett-Packard (HPQ) is trying to get customers to print web pages instead of reading them on the computer screeen.

The NY Times reports that Microsoft (MSFT) will being live chat to the TV with its Live Messenger running on Xbox 360.

The FT reports that CD sales will drop by about 50% from 1997 to 2009, a decline that is not being made up by digital download revenue.

Barron’s writes that Vonage (VG) got a temporary stay from an appeals court to a ruling that would prevent it from signing new customers to its VoIP service.

Douglas A. McIntyre

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