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Wednesday, July 12, 2006

Media Digest 7/12/2006


According to Reuters, the European Union fined Microsoft $357 million for defying the 2004 antitrust ruling against the company.

Reuters says that Xstrata expects a go ahead from the Canadian government to bid for metal company Falconbridge.

The Wall Street Journal reports that and ex-employee of Sycamore claims to have been fired for refusing to manipulate stock option grants.

WSJ also writes that Mosnter Worldwide may have to restate earnings due to dating of its stock option grants.

WSJ reports that the CEO of Williams-Sonoma is leaving the firm suddenly.

WSJ also reports that GM has said it is "completely open" to an alliance with Renault and Nissan.

WSJ says that Bankrate, which runs a mortgage website, is being sued by an advertiser for "baiting and switiching" customers.

The New York Tims reports that Genentech's profits rose 79% but its stock fell on concerns that one of its drugs did not meet sales projections.

Douglas A. McIntyre

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