Media
Media Digest 7/29/2008 Reuters, WSJ, NYTimes, FT, Barron's
Published:
Last Updated:
According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs.
Reuters report that KKR says the market slump is a good time to go public.
Reuters reports that the FDIC said that only 13% of the banks on its watch list fail.
Reuters reports that the head of JetBlue (JBLU) will take a 50% pay cut as the airline struggles.
Reuters writes that both the chairman and the CEO of Alcatel-Lucent (ALU) will leave.
Reuters reports that Sony (SNE) is in talks to buy-out Sony BMG.
The Wall Street Journal writes that GMAC will suspending leasing in Canada.
The Wall Street Journal writes that retailer Mervyn’s may file for Chapter 11.
The Wall Street Journal reports that Unilever will exit the US laundry detergent business.
The Wall Street Journal reports that Oracle (ORCL) filed new charges against SAP (SAP) for stealing trade secrets.
The Wall Street Journal reports that high crude prices will hurt refining and marketing margins at large oil companies.
The Wall Street Journal reports that Toyota (TM) cuts its global sales forecast.
The Wall Street Journal reports that Verizon’s (VZ) profits were pushed up by wireless growth.
The Wall Street Journal reports that Sirius (SIRI) narrowed its loss though subscriber growth.
The New York Times writes that GM (GM) is changing logos in Europe to show that "something is happening with the brands."
The New York Times reports that growth of Verizon’s TV service was disappointing.
Reuters reports that Sony’s (SNE) net dropped on poor cell phone sales.
The FT reports that the US recession is hitting the wealthy
The FT writes that oil companies are turning to new innovation to bring in new crude after years of caution.
Bloomberg reports that Siemens (SI) may post higher earnings on demand for power plants.
Douglas A. McIntye
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
