Lots more on the front of mergers & acquisitions...Loews Corp. (LTR) in a $4 billion deal to buy Dominion gas (D). Rite Aid Corp. (RAD) agreed to a $3.9 billion cash and stock deal for Brooks and Eckerd stores. Palm Inc. (PALM) announced a selling of 25% interest to a private equity firm for $325 million that brings in once senior VP/GM of Apple's iPod unit as executive chairman in hopes of reviving the Palm brand and "perhaps develop a relationship with Apple" (oooo scintillating).
Rupert will be doing some shmoozing today to convince the family that controls Dow Jones & Co. (DJ) "that his $5 billion offer for the company won't undermine its flagship newspaper, The Wall Street Journal."
If only Sirius and XM had someone like Murdoch on their side. Seems like the NAB (National Association of Broadcasters) has been doing some shmoozing of their own of the Justice Department. At least Sirius has the League of Rural Voters on their side, woohoo. Although, some seem to think Sirius is "sucking a lot less."