Newspaper wrap-up: GM may close two plants
Posted Oct 2nd 2007 9:20AM by Eric Buscemi
Filed under: Newspapers, Magazines, Google (GOOG), Microsoft (MSFT), General Motors (GM), AT and T (T), AMR Corp (AMR)
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MAJOR PAPERS:
- Under pressure to improve results, AMR Corporation (NYSE: AMR), the parent of American Airlines, will prepay $545M in aircraft debt in the fourth quarter, cutting its annual interest expense by $25M, reported the Wall Street Journal.
- AT&T (NYSE: T) and India's Mahindra Telecommunications Private LTD have jointly applied for a unified access service license in India to provide wireless service, according to the Wall Street Journal.
OTHER PAPERS:
- The New York Times reported that the tentative contract between General Motors Corporation (NYSE: GM) and the United Auto Workers union would allow GM to close two plants, and possibly shut down several other facilities, according to a copy of the agreement posted on the Internet.
WEBSITES:
- According to the BetaNews Web site, Microsoft Corporation (NASDAQ: MSFT) will reportedly hold an event today to launch the second generation of its Zune music players.
- Google Inc's (NASDAQ: GOOG) AdSense system that now reportedly allows people in Malaysia to make payments through Western Union Company (NYSE: WU) could become a "quasi bank," according to Bear Stearns analyst Robert Peck, reported CNet.com.
Tags: amr, betanews, cnet, new york times, newspaper, NewYorkTimes, ny times, NyTimes, paper, periodical, wall street journal, WallStreetJournal, wsj
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