Media Digest 7/10/2007 Reuters, WSJ, NYTimes, FT, Barron's
According to Reuters, the CME (CME) purchase of the CBOT (CBOT) was approved by shareholders.
Reuters writes that BHP Billiton (BHP) is looking for a partner to make a bid for Alcoa (AA).
Reuters reports that Ford (F) plans to increase its output in Russia.
Reuters also writes that shares in Sprint (S) rose on rumors of a potential buy-out offer from Korea’s SK Telecom.
The Wall Street Journal writes that the New York Stock Exchange is looking into trades in ABN Amro (ABN) which occured around the time that Barclays (BCS) made a bid for the bank.
The Wall Street Journal writes that Gemstar-TV Guide (GMST) has put itself on the market.
The Wall Street Journal reports that Ford (F) and GM (GM) will extend incentives on some of their vehicles to clear out inventories.
The New York Times writes that Danone (DA) will spend $16.8 billion to buy Royal Numico.
The FT reports that the IPO of EMC (EMC) unit VMWare could raise $1.1 billion.
Barron’s writes that several solar energy stocks including Hoku (HOKU) rose sharply on news of new customers.
Douglas A. McIntyre