Media Digest 7/28/2006: WSJ, NYT, Reuters
Stocks: (BMY)(MSFT)(SNE)(HCA)(PETC)(XOM)(AET)(C)(BAC)(AAPL)(DCX)(XMSR)
According to the WSJ, the FBI raided the office of the CEO of Bristol-Myers as part of a criminal antitrust investigation.
Reuters writes that although Microsoft is acquiring companies at a record rate, it still plans to rely on its own R&D for its major growth in the future.
Reuters said that Sony's losses in its game division may rise in Q3, probably due to higher chip costs for its Playstation 3.
The Wall Street Journal says that unusual trading patterns before major deals were announced at Petco, HCA and other companies is raising concerns about insider trading.
The WSJ reports that ExxonMobil's profits were up 36% to over $10 billion, making it the second best quarter in the oil companies history. Shell's profits rose 40% on higher oil prices.
The WSJ also writes that because Aetna could not raise premiums quickly to keep pace with medical costs sent the stock down to a 52-week low of $33.25. Profit for its most recent quarter was down 1%.
According to the WSJ, Bank of America is close to overtaking Citigroup as the nation's most valuable bank based on market capitalization.
Also reported in the WSJ, DaimlerChrysler's net almost doubled on strength at its Mercedes unit. Sales at Chrysler were hurt by falling demand for its SUVs and trucks.
The WSJ writes that XM Satellite Radio's loses increased to $232 million in the latest quarter compared to $148 million in the period a year ago. The company cut its year-end subscription goal to 7.7 million from 8.2 million.
The WSJ says the Microsoft confirmed that it would launch a multimedia player, Zune, to compete with Apple's iPod and would spend "hundreds of millions of dollars" on the project.
The WSJ also writes that Intel launched its new line of 10 microprocessers called Core 2 Duo. The chips provide more calculating power while requiring less power consumption.
The New York Times writes that the IRS is now involved in the options repricing scandal checking to see if the practice affects company tax obligations which could rise into the millions of dollars for the 40 companies being reviewed.
The NYTs writes that at Microsoft's meeting with Wall Street analysts, the company said it would invest heavily in moving software delivery to the internet.
Douglas A. McIntyre
According to the WSJ, the FBI raided the office of the CEO of Bristol-Myers as part of a criminal antitrust investigation.
Reuters writes that although Microsoft is acquiring companies at a record rate, it still plans to rely on its own R&D for its major growth in the future.
Reuters said that Sony's losses in its game division may rise in Q3, probably due to higher chip costs for its Playstation 3.
The Wall Street Journal says that unusual trading patterns before major deals were announced at Petco, HCA and other companies is raising concerns about insider trading.
The WSJ reports that ExxonMobil's profits were up 36% to over $10 billion, making it the second best quarter in the oil companies history. Shell's profits rose 40% on higher oil prices.
The WSJ also writes that because Aetna could not raise premiums quickly to keep pace with medical costs sent the stock down to a 52-week low of $33.25. Profit for its most recent quarter was down 1%.
According to the WSJ, Bank of America is close to overtaking Citigroup as the nation's most valuable bank based on market capitalization.
Also reported in the WSJ, DaimlerChrysler's net almost doubled on strength at its Mercedes unit. Sales at Chrysler were hurt by falling demand for its SUVs and trucks.
The WSJ writes that XM Satellite Radio's loses increased to $232 million in the latest quarter compared to $148 million in the period a year ago. The company cut its year-end subscription goal to 7.7 million from 8.2 million.
The WSJ says the Microsoft confirmed that it would launch a multimedia player, Zune, to compete with Apple's iPod and would spend "hundreds of millions of dollars" on the project.
The WSJ also writes that Intel launched its new line of 10 microprocessers called Core 2 Duo. The chips provide more calculating power while requiring less power consumption.
The New York Times writes that the IRS is now involved in the options repricing scandal checking to see if the practice affects company tax obligations which could rise into the millions of dollars for the 40 companies being reviewed.
The NYTs writes that at Microsoft's meeting with Wall Street analysts, the company said it would invest heavily in moving software delivery to the internet.
Douglas A. McIntyre
posted by douglas mcintyre at 5:17 AM
Subscribe
<< Home