Media Digest 2/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Siemens (SI) will cut over 6,000 jobs in its telecom equipment business.
Reuters writes that MBIA (MBI) is moving to help bring stability to the credit markets.
Reuters reports that Visa plans an $18.8 billion IPO.
Reuters also writes that Sony (SNE) will own a third of Sharp’s LCD plant.
The Wall Street Journal writes that the US Treasury wants more disclosure from sovereign funds and will meet with those from Singapore and Abu Dhabi.
The Wall Street Journal writes that IBM (IBM) will launch a new mainframe to lift sales.
The Wall Street Journal writes that MBIA (MBI) eliminated its quarterly dividend to save money
The Wall Street Journal writes that Microsft (MSFT) is cutting key deals for its virtualization software to better compete with industry leader VMWare (VMW).
The Wall Street Journal reports that online ad revenue topped $21 billion in 2007.
The Wall Street Journal says the FCC warned Comcast (CMCSA) about slowing some broadband connections to selected customers.
The New York TImes writes that Ford (F) is pushing buy-outs to its workers.
The New York Time writes that Nielsen is trying to start new services to measure internet and cellphone use.
The FT writes that wheat prices had their largest one-day price increase ever.
The FT writes that VMWare has cut a deal to ship its software in some Dell (DELL), HP (HPQ), and IBM (IBM) servers.
Bloomberg writes that UnitedHealth has received govenment approval to buy Sierra Health.
Douglas A. McIntyre