Media Digest 8/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s
August 31, 2007 by Douglas A. McIntyreAccording to Reuters, Bush will outline a plan to help holders of sub-prime mortgages.
Reuters writes that Dell (DELL) topped Wall St. estimates but sees costs drops slowing.
Reuters writees that Freddie Mac (FRE) profits fell on mortgage defaults.
Reuters reports that state attorneys general found that Microsoft is not living up to its settlement over monopoly powers. The US Justic Department disagreed.
Reuters writes that Toyota (TM) plans to sell 10.4 million cars in 2009, up 18% from last year.
The Wall Street Journal writes that McGraw-Hill (MHP) replaced the head of its S&P unit as ratings agencies are under fire for the analysis of sub-prime and other debt.
The Wall Street Journal sent requests to a number of CEOs asking for more information about their pay packages. Letters are going to Pfizer (PFE), GE (GE), and Coca-Cola (KO).
The New York Times writes that NBC did not renew its deal with Apple (AAPL) to sell its shows for viewing on the iPod.
The FT says that the credit crisis is causing borrowing costs to go up at blue chip companies like GE (GE).
Barron’s writes that Schering-Plough’s shares could move up 20% over the next year.
Douglas A. McIntyre
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