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Newspaper wrap-up: Energy companies under investigation
Filed under: Newspapers, Magazines, Time Warner (TWX), Intel (INTC), Sony Corp ADR (SNE), Comcast Cl'A' (CMCSA)
.gif) MAJOR PAPERS:
- On January 1, 2008 Jeffrey L. Bewkes may be the new CEO of Time Warner Inc (NYSE: TWX), reported the Wall Street Journal. The current president and COO, is expected to take over from Richard Parsons.
- Paetec Holding Corp (NASDAQ: PAET) has paid $492M for McleodUSA, creating a tough rival to AT&T (NYSE: T) and Verizon Communications (NYSE: VZ) for business telephone sales, according to the Wall Street Journal.
- Sony Corporation (NYSE: SNE) is focusing its business on consumer electronics, and may sell its advanced chip production facility, with possible buyers including Toshiba Corporation (OTC: TOSBF) and IBM Corporation (NYSE: IBM), reported the Wall Street Journal.
OTHER PAPERS:
- The New York Times reported that New York Attorney General Andrew Cuomo is investigating five large energy companies, AES Corporation (NYSE: AES), Dominion (NYSE: D), Dynegy Inc (NYSE: DYN), Peabody Energy Corporation (NYSE: BTU) and Xcel Energy (NYSE: XEL), in order to determine whether their plans to build coal-fired power plants pose undisclosed financial risks that their investors should know about.
WEBSITES:
- According to sources, BuddyTV, a TV community site, is being acquired by Comcast Corporation (NASDAQ: CMCSA) reported PaidContent.org.
- TheInquirer.net reported, citing sources, that Intel Corporation (NASDAQ: INTC) will launch a "famous new platform" this Tuesday.
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