Media Digest 12/20/2006 Reuters, NYTimes, WSJ, Barron's, FT


According to Reuters, Ericsson will buy Redback Networks for $2.1 billion expanding the European company;s footprint in the broadbank equipment business.

Reuters writes that Ebay has partnered with Tom Online in China to set up a local auction site. Ebay will close its own local site.

According to the FT, Goldman Sachs paid its CEO $53 million.

According to the Wall Street Journal, discounting of flat-screen TVs is driving high consumer purchase but is harming margins at companies like Circuit City.

According to the WSJ, Dell’s CFO is leaving and will be replaced by former American Airlines CEO Don Carty.

According to the WSJ, UnitedHealth is projecting a 14% increase in profits in 2007.

The New York Times reports that Morgan Stanley will spin-off its Discover Card division.

The New York Times reports that Google’s Checkout online payment system is beginning to get adoption by online retailers.

The New York Times reports that profits at Palm dropped 95% last quarter

Barron’s writes that improved connection speeds and better screeen should make search functions from companies like Yahoo! and Google more accessible on wireless devices in 2007. Music will remain the largest application for wireless phone downloads.

Douglas A. McIntyre.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.