News Digest 7/16/2007
According to Reuters, the CEO of McDonald’s (MCD) believes that the company can still grow a great deal in the US.
Reuters writes that Hollywood is starting labor negotiations with screenwriters with revenue from the internet as a major deal point.
The Wall Street Journal writes that a special committee of the Dow Jones (DJ) has accepted Rupert Murdoch’s offer of $5 billion. The deal now goes to the board and founding Bancroft family.
The Wall Street Journal writes that Google (GOOG) is developing a new search engine for phones.
The FT writes that a lawsuit charges that Facebook may have taken its source code from another project.
The FT also writes that oil prices are near their all-time high.
The New York Times writes that Nintendo is getting more support for its game system from video game publishers.
The New York Times also writes that Ford (F) is having success selling cars in Russia.
Douglas A. McIntyre