According to Reuters, a News Corp (NWS) purchase of Dow Jones (DJ) would improve the company’s presence in Asia, but would not give it needed access into China.
Reuters writes that the CEO of BP (BP) stepped down over allegations that he hid a gay relationship in sworn testimony and may have given the man access to BP services without compensating the company.
Reuters writes that Nokia (NOK) has been sued for patent infringement by a New Zealand Michael S Sutton Ltd. The suit is over packeting technology.
Reuters writes that Disney (DIS) has set up a social network for children.
The Wall Street Journal writes that News Corp’s offer to buy Dow Jones faces possible opposition from the family that controls the company
The Wall Street Journal writes that Cablevision (CVC) is in talks with it founding family about taking the company private for $10.5 billion.
The Wall Street Journal writes that ITV, Britain’s largest commercial terrestrial broadcaster by sales will begin a service to stream all of its channels over the internet.
The New York Times writes that the net at Qwest (Q) nearly tripled on lower costs and sales of bundled services.
The FT reports that major car companies, including Japanese firms, has drops in sales in the US markets. Crossover vehicles did well.
Barron’s reports that buy-out speculation around Sprint (S) and Qwest is probably overblown as the high values of the companies make them unlikely targets.
Douglas A. McIntyre
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