Media Digest 6/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
June 24, 2008 by Douglas A. McIntyreAccording to Reuters, a proposal from the SEC would cut the role of credit rating agencies.
Reuters writes that United (UAUA) will lay-off 950 pilots.
Reuters reports that GM (GM) will cut truck output and offer interest free financing on most models.
Reuters reports that UPS (UPS) cuts its earnings outlook on higher gas prices.
Reuters reports that Paulson has suggested oil producing nations up their output.
The Wall Street Journal reports that Google (GOOG) will offer a new product which measures web traffic to specific sites.
The Wall Street Journal writes that Rio Tinto (RTP) and BHP (BHP) won an 85% increase in the benchmark price for iron ore in China.
The Wall Street Journal writes that coal producers are having trouble meeting demand.
The Wall Street Journal writes that Huntsman (HUN) has sued Apollo over its withdrawal from a buy-out.
The Wall Street Journal writes that Nokia (NOK) will lift its stake in major phone software firm Symbian.
The Wall Street Journal writes that Ticketmaster will pay IAC (IACI) $750 million before it is spun-off.
The New York Times writes that NYSE Euronext (NYX) will by 25% of the Doha Securities Market i Qatar.
The New York Times writes that Google (GOOG) data will be used in a Florida trial to argue that explicit material doesn’t violate community values.
The New York Times writes that Google News has experienced a slowing of its traffic.
The New York Times writes that several hundred US companies got a total $265 billion for bringing captial overseas back into the US.
The New York Times writes that ad sales at cable channels are growing faster than those on broadcast TV.
The New York Times writes that the NYT.com website would merge with it sister site for the International Herald Tribune.
The FT writes that banks was more concessions in the BCE (BCE) buy-out.
Bloomberg writes that Toyota (TM) may cut its 2008 sales goals.
Douglas A. McIntyre
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