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Friday, August 25, 2006

Media Digest 8/25/2006 Reuters, NYT, WSJ


According to Reuters, Apple recalled 1.8 million computers that contain batteries made by Sony. The batteries have overheated and caught fire in some cases.

According to the Wall Street Journal, Toyota may delay the introduction of some new models by six months. The company is dealing with a number of quality issue with its cars and recalls.

According to the Wall Street Journal, a wealthy British executive has expressed an interest in nuying Jaquar. Ford, the company's parent, had no comment on the news.

KB Homes said that the SEC is conducting an informal inquiry into the company's stock option grants, writes the WSJ.

The Wall Street Journal writes that Time Warner unit AOL has made deals with a number of studios to set up a movie download business.

Google has asked the SEC for an exemption from to a regulation for companies with a large dollar amount of marketable securities on its balance sheet. The company is trying to make the case that it does not exist to own securities but rather to conduct business as an internet company. If the company is turned down, it would change the way that the company makes disclosures.

The New York Times writes that Fannie Mae will not face charges over its accounting practices which the government has been probing for several months.

Douglas A. McIntyre

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