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Friday, July 07, 2006

Media Digest 7/7/2006


According to Reuters, UK insurer Aviva is in talks to buy US based AmerUs for $2.3 billion.

Reuters writes that Swiss mining company Xstrata has extended its hostile bid for Canadian Falconbridge.

Reuters writes that Advance Micros Devices said its second quarter would be below expectations due to price cuts at competitor Intel taking share.

The Wall Street Journal writes that cigarette makers got a major victory as the Florida Supreme Court over turned at $145 billion judgement against them.

WSJ writes that Verizon is close to filing to spin off its directory business.

The New York Times writes that the GM board will meet today to decide whether to open talks with Nissan and Renault about a three-way partnership.

The NYT also reports that Microsoft's willingness to launch its own media player signals a shift in its strategy to battle Apple's iPod.

NYT reports that AOL's potential plan to offer its content free to broadband subscribers and support the service with advertising could cut huge sums in marketing fees and allow the company to lay off thousands of employees.

Douglas A. McIntyre

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