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Tuesday, August 08, 2006

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


According to Reuters, BP will shut its pipeline to the Prudhoe Bay fields longer than expected taking key supply away from the West Coast and forcing the US to consider releasing part of its emergency oil stockpiles.

Reuters writes that Google's deal to supply search functions to MySpace of News Corp for $900 million may only be the first of several deals between the two companies, according to executives at the two firms.

Reuters writes that Apple released the final versions of its Mac using Intel chips.

The Wall Street Journal reports that Sprint will choose WiMax technology to build its wireless network of the future. The technology is a wider ranging version of WiFi. The move is a win for the big supporters of WiMax, Intel and Motorola. It is a setback for Qualcomm, which supports competing technology.

Alltel, the fifth place cellphone provider, will offer podcasts on its cell phone which will be able to download the audio clips. The move take the company's cell service beyond simple voice communication.

The WSJ writes that buyout firm Texas Pacific has agreed to purchase Aleris, an aluminum company, for $1.7 billion.

The Wall Street Journal said that Time Warner's AOL unit mistakenly released search habit data on 650,000 of its subscribers.

The Wall Street Jounal writes that Atmel has fired its CEO. The cause was misuse of travel funds.

The WSJ also reports that Commscope, which makes wire-line equipment has launched a takeover bid for Andrew, a maker of wireless equipment. ADC Telecommunications has already made a bid for the firm. The new offer is for $1.7 billion.

The New York Times writes Wal-Mart is raising salaries for some of its associates in US stores by as much as 6%.

The NYT reports that the SEC has asked game publisher THQ for information on its stock option grants.

Douglas A. McIntyre

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