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Thursday, August 31, 2006

Media Digest 8/31//2006


According to Reuters, Goldcorp has agreed to buy Glamis Gold for $8.6 billion in stock, creating one of the world's largest gold companies.

Reuters writes that Samsung forecast higher global handset sales. The company thinks that the figure will hit 950 million. Samsung believes its handset sales will reach 115 million.

Reuters writes that Diageo, the world's largest alcoholic beverage company, reported a 10% rise in "underlying earnings."

The Wall Street Jounal reports that a federal judge ruled that a $51 million awared against Merck in a suit against it over Vioxx was "grossly excessive."

The WSJ writes that Electronic Arts will begins to distribute advertising over the internet with its games.

The WSJ reports that Chrysler has begun offering zero percent financing for up to 72 months while its rivals also offer incentives to boost sales.

The New York Times writes that Alcatel is racing criticism over it purchase of Lucent.

The New York Times also reports that loses at Tivo rose due to legal costs.

Douglas A. McIntyre

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