Global Investing Roundups Wednesday, August 6, 2008
Aug 6th, 2008 | By William Patalon III | Category: Financial News, International InvestingSony Goes Solo; P&G’s Socks Strong Second Quarter; Service Sector Shrinks; D.R. Horton Now a Fixer-Upper; Lehman in For a Trim; Adidas Brings its “A” Game; Farmland Values Skyrocket; Russian Fire Sale
- Bertelsmann AG will sell its half of Sony BMG Music Entertainment to Sony Corp. for $900 million giving the Japanese company full ownership of the joint venture, The Associated Press reported. A statement released by the privately held Bertelsmann said the new company will be called Sony Music Entertainment Inc.
- The Procter & Gamble Co. (PG) reported a 33% jump in fourth-quarter profit yesterday (Tuesday) as the consumer-products maker overcame soaring energy and commodity costs with higher prices and product improvements. The company said it earned $3.02 billion, or 92 cents per share, up from $2.27…