Reuters, Wall Street Journal, New York Times, Financial Times, Barron’s Online………
According to Reuters:
Dell (DELL) found misconduct and errors infinancial statements from past quarters and delayed releasing filings.
KKR has upped its bid for Alliance Boots to $20 billion.
Citigroup (C) is looking for acquisitions in Germany and could buy a large bank there.
The Wall Street Journal:
Take-Two (TTWO) who tookcontrol of the video game company in a proxy fight now control thecompany and have replaced management.
The Tribune Company (TRB) has received a bid of $34 a share, topping the current highest offer by $1.
Qwest (Q), Verizon (VZ), and AT&T (T) won a big government order worth $20 billion.
GM (GM) is considering more job cuts in Europe in an effort to improve returns in the region.
The New York Times:
Toyota (TM) has increased incentives on its new Tundra pick-up as sales falter.
Financial Times:
Credit Suisse has sued three US sub-prime lenders in an effort to use legal action to get rid of bad loans.
Barron’s Online:
BJ Services and Grant Prideco are down despite estimates of double-digit growth.
Douglas A. McIntyre
March 30, 2007