Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

Previous Posts

Tuesday, July 25, 2006

Media Digest 7/25/2006


According to the Wall Street Journal, Disney will buy Indian cable TV channel Hungama to increase its footprint in the country.

Reuters writes that Symantec and Yahoo! will team up to offer a new consumer online security service to compete with products from rivals Google and Microsoft.

Reuters also writes that Texas Instruments announced that its quarterly earnings rose 27% on the strength of its cell phone chip sales. The company indicated that the upward trend would continue.

BP posted a 20% rise in profits driven by high oil and natural gas prices and better refining margins.

The Wall Street Journal also writes that Merck’s profits almost doubled on sales of its cholesterol drugs.

The Wall Street Journal also writes that airline holding company UAL expect to post a profit of $119 million. The company has not had a profit since 200.

The Wall Street Journal reports that American Express’s profit fell 7%.

The WSJ also writes that BellSouth’s profits rose on strong results from its wireless and web operations.

The Wall Street Journal reports that NetFlix earnings rose sharply, but its forecast was week and the stock fell as much as 20% in after-hours trading.

The Wall Street Journal also reports that Google’s settlement on click fraud has been challenged on the basis that the company is not doing enough to keep down illegitimate clicking on its add to falsely drive up ad results.

The New York Times reports that Wall Street did not react well to Advanced Micro Devices purchase of ATI Technologies, sending AMD’s stock down as much as 5%.

The NY Times reports that profits at Kraft Food rose 45%as the company’s restructuring, which cut a number of jobs, began to pay off.

The NYT writes that profits at Japanese game maker Nintendo rose 10%.

Douglas A. McIntyre

Powered by Blogger