Media Digest 10/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s
October 29, 2007 by Douglas A. McIntyreAccording to Reuters, Oracle (ORCL) has withdrawn its bid for BEA Systems (BEAS).
Reuters writes that profits at Toahiba rose 38%.
Reuters reports that Chrysler workers have approved the UAW contract with the company.
The Wall Street Journal writes that Merrill Lynch (MER) CEO Stan O’Neal has been forced out of the firm.
The Wall Street Journal writes that shares in multinational companies are moving stock indices up while shares in companies doing business with the US consumer are falling.
The Wall Street Journal writes that Carl Icahn is pushing for Biogen to be sold to a larger drug company.
The Wall Street Journal writes that News Corp (NWS) Fox and GE (GW) NBC Universal have launched their online video site Hulu.
The Wall Street Journal writes that Nintendo plans to launch more features for its video game platforms to make them practical alternatives for casual gamers.
The New York Times writes that the FCC will allow multiple companies to offer cable service in large apartment buildings.
The New York Times writes that, after weathering the dotcom bubble, TheStreet.com (TSCM) has slowly moved its business to a highly successful model.
The FT writes that GE (GE) believes that its business in India and China will protect it from a downturn in the US.
Barron’s writes that the valuation gap between US and Chinese companies is getting huge.
Bloomberg writes that oil pushed above $93 for the first time.
Douglas A. McIntyre
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