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Thursday, August 24, 2006

Media Digest 8/24/2006 Reuters, WSJ, NYT


According to Reuters, Apple agreed to pay Creative Technology $100 million to settle a patent suit over the interfaces of portable media players.

Reuters writes that the President and COO of McDonalds resigned suddenly. The head of the company's US unit was promoted to fill the spot.

Reuters writes that due to a "glitch" production for its damaged Prudhoe Bay pipeline has been slowed.

Reuters also reports that Wal-Mart now has a branch of the Chinese Communist party in store in the world's most populated country.

Reuters writes that Kodak in in a dispute with its Chinese partner over photo paper that has been distributed and could be confused with the US company's best selling product in the country. The logo on the paper is similar to the Kodak logo.

Reuters reports that the La Tribune has written that Renault sales are down for the first seven months in major European markets.

The Wall Street Journal reports that Rite Aid is near a deal to buy the Eckerd and Brooks drug store chains for $3.4 billion in cash and stock.

The Wall Street Journal writes that IBM has agreed to buy Internet Security Systems, a company that help enterprises "manage security services" for $1.3 billion.

The New York Times reports that Merck may have a drug that could succeed Vioxx. The new product, Arcoxia, is sold outside the US and Merch will push the FDA for approval of its use.

The NYT writes that Gateway's shares are up 13.4% from Tuesday. The company has received at $450 million offer for its retail business and a hedge fund has taken a share of about 10% in the company.

Douglas A. McIntyre

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