Consortium Acquires MGM

Metro-Goldwyn-Mayer announced that a consortium comprised of Sony Corporation of America, Providence Equity Partners, Texas Pacific Group, Comcast and DLJ Merchant Banking Partners completed its acquisition of the Company.

Ford Lowers Earnings Guidance

Ford Motor Company reduced its full-year earnings guidance for 2005. Last month, the Company said its full-year 2005 earnings-per-share would be at the lower end of its guidance, which was $1.75 to $1.95 per share.

Flogging flogs

I've been rolling my eyes at the uproar over fake blogs (or "character blogs," as some are calling them). Now it appears they have a name: flogs. And a wiki has appeared to keep track of them called, creatively, FakeBlogsWiki.