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Friday, September 22, 2006

Media Digest 9/22/2006 Reuters, WSJ, NYT


Reuters writes that HP CEO Mark Hurd will testify before Congress on the company's board spying scandal.

The Wall Street Journal and Detroit News report that GM has made little progress in its talks about a global alliance with Nissan and Renault.

Reuters reports that Wal-Mart will begin offering cut-rate generic drugs at store in Florida and plans to expand to other state next year.

Reuters reports that Starbuck's will raise most of its prices on beverages next month.

Reuters also writes that Nike's profits were ahead of Wall St. forecasts and the stock rose 6%.

The Wall Street Journal reports that Cablevision awared options to one of its vice chairmen after he had died. Cablevision restated some of its results as it options backdating investigation grows.

The board of The Tribune Company appointed a board committee to look into strategic options, including the possible sale of the company, according to the WSJ.

Fedex forecast continued strength in its business, according to the WSJ.

The Wall Street Journal writes that Boston Scientific has announced a weakening in sales of it stents. The products have caused health concerns.

The New York Times writes that cereal sales helped General Mill's profits.

The NYT also reports that the Airbus super jumbo jet A380 is facing further production delays.

Douglas A. McIntyre

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