Media Digest 7/13/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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According to Reuters, Energizer (ENR) will buy Playtex (PYX) for just under $1.2 billion.

Reuters writes that GE (GE) plans to sell its WMC mortage unit.

Reuters reports that Boeing’s (BA) orders for the year still trail Airbus’s.

Reuters also reports that shares in Target (TGT) rose sharply after news that a corporate raider had taken a stake.

Reuters also writes that the head of Google (GOOG) said that Facebook will probably stay independent.

The Wall Street Journal writes that the CEO of Jones Apparel (JNY) stepped down as the company is looking at options in a tough clothing environment.

The Wall Street Journal also reports that the Financial Times (PSO) and CNBC (GE) are considering sharing editorial resources.

The Wall Street Journal reports that the CEO of Westwood One (WON) has left as the company is in the midst of negotiations with CBS (CBS) over a management contract.

The New York Times reports that Chinese cars are quietly entering the European market.

The FT writes that Google (GOOG) faces a lawsuit from an Australian goverment agency which says it does not distinquish enough between search results and text ads.

Barron’s writes that a Bank of America research upgrade sent Intel (INTC) shares up sharply.

Douglas A. McIntyre