| - What's Next for MGM?
MGM was hoping to snag a $2 billion offer for its library of films and some big titles like 'The Hobbit' and 'James Bond.' The most MGM drew was a $1.5 billion bid from Time Warner, which simply wasn't enough for MGM creditors to sell.
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- Rollback Those Fears About Wal-Mart Prices
Wal-Mart Stores has been trying to shore up its discount image by advertising that it will be rolling back prices on roughly 10,000 items, mostly food and other staples. Although the retailer is not disclosing the size of the price cuts, analysts have tried to gauge their impact, and what this says about its business.
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- Roddick To Endorse New Sports Beverage
Top ranked American tennis player Andy Roddick has a new sponsor in his bag. The 27-year-old, who took the title at the Sony Ericsson in Miami last week and is now ranked seventh in the world, will be the main spokesman for a new sports beverage called Aqiss.
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Morning Brief
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