Newspaper wrap-up: UPS may face post-holiday slump
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MAJOR PAPERS:
- While United Parcel Service (NYSE: UPS) is preparing for the busiest day of the year, high costs and a slowing economy are set to present big challenges for the Atlanta company once the holiday season is by, the Wall Street Journal reported.
OTHER PAPERS:
- BusinessWeek’s “Inside Wall Street” column reported that shares of Abiomed Inc (NASDAQ: ABMD) have recovered nearly to its 52-week high of $15, rallying on buzz that the FDA could approve the company’s chief product, Impella, a miniature pump at the end of a catheter, within 12 months.
- The “Inside Wall Street” column additionally reported that Focus Media Holding Limited (NASDAQ: FMCN), the top advertising company in Net, Mobile and Poster/Panel Markets, should benefit from the 2008 Summer Olympics.
WEB SITES:
- According to sources and reported by AppleInsider, there have been additional sightings of an “unfamiliar MacBook model floating around” Apple Inc’s (NASDAQ: AAPL) campus perhaps indicating a new Macbook is coming at next month’s Macworld Expo.
Original post by Eric Buscemi
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