Investing
Media Digest 7/4/2007 Reuters, WSJ, NYTimes, FT, Barron's
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According to Reuters, Blackstone (BX) bought Hilton Hotels (HLT) for $20 billion plus debt.
Reuters writes that private equity firm Apollo offered $6 billion for Huntsman.
Reuters reports that car sales in June were poor for US manufacturers with GM (GM) sales falling 21%.
The Wall Street Journal writes the KKR filed for an IPO to raise $1.25 billion.
The Wall Street Journal writes that eBay (EBAY) opened a free classified site that will compete with Craigslist.
The Wall Street Journal writes that Alcoa (AA) hinted that it would make a higher offer for Alcan (AL).
The New York Times writes that Horizon ABS Fund, a mortage securities hedge fund, blocked withdrawals as investors attempted to take their money out.
The FT writes that Kraft (KFT) bought Danone’s (DA) biscuit business for $7.2 billion.
The FT that Ford’s (F) crossover sales were 83 per cent higher last month than a year earlier.
Barron’s writes at RBC Capital cut is estimates for Motorola’s (MOT) sales.
Douglas A. McIntyre
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