Media Digest 7/18/2007 Reuters, WSJ, NYTimes, FT, Barron's

Investing

Douglas A. McIntyre

Published: July 18, 2007 3:17 am

According to Reuters, the board of Dow Jones (DJ) has approved a $5 billion offer from News Corp (NWS).

Reuters writes that British Imperial Tobacco has agreed to buy rival firm Altadis for $22 billion including debt.

Reuters also reports that strong earnings at Intel (INTC) were hurt by a drop in margins.

Reuters reports that Yahoo! (YHOO) reported lower earnings and gave a weak forecast.

Reuters also reports that RIMM (RIMM) will launch a Blackberry that works on cellular and WiFi.

Reuters also writes that Warner Music (WMG) has overtaken rival EMI in market share.

The Wall Street Journal writes that two Bear Stearn (BSC) hedge funds have no value due to the damage in the sub-prime lending sector.

The Wall Street Journal writes that Starbucks (SBUX) has named a COO.

The New York Times writes that Warner Music WMG) will not bid for EMI

The FT writes that Chrysler’s buy-out faces a rise in costs.

Barron’s writes that 3Com (COMS) has been approached by private equity firms.

Douglas A. McIntyre

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