News Digest 12/25/2007 Reuters, WSJ, NYTimes, FT, Barron's

Media

Published: December 25, 2007 7:05 am

According to Reuters, Merrill Lynch (MER) raised enough money to increase its capital by $5.7 billion.

Reuters writes that US shoppers came out in strength over the "Super Saturday" weekend. Sales on Saturday rose almost 8%.

Reuters reports that Toyota (TM) is likely to cement its position as the top car company in the world during 2008, pulling away from GM (GM).

Reuters reports that Target (TGT) cut same-store sales estimates for December.

Reuters reports that Wyeth (WYE) will cut its costs now that a generic version of its big seller Protonix is coming to market.

According to The Wall Street Journal research firm iSuppli Corp has cut its 2008 expections of global semiconductor sales from 9.3% to 7.5% due to a slowing economy.

The New York Times writes that Pershing Square Capital Management has increased it stake in Target (TGT) hoping to force the retailer into actions to increase its share price.

According to Barron’s Caris & Co raised it price target on Intel (INTC) to $29 based on rising PC sales.

Douglas A. McIntyre

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