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Friday, September 29, 2006

Media Digest 9/29/2006 Reuters, WSJ, NYT


According to Reuters, Ford Motor will cut 2,000 jobs from its credit operations, about one quarter of its US staff for the unit.

Reuters writes that DaimlerChrysler is close to a deal with China's Cherry Automotive to make cars for sale in the US.

Reuters, writes that Lenovo/IBM, the big PC maker, will recall 526,000 notebooks due to problems with the batteries, joing Dell and other manufacturers with the same issue.

Reuters writes that Carl Icahn is trying to remove six directors from the Imclone board.

The Wall Street Journal reports that Kirk Kerkorian want to buy up to six million more shares in GM, moving his stake from 9.9% to 12%.

WSJ writes that Hewlett-Packard will buy Voodoo Computers and start a gaming division.

WSJ also reports that RIMM, maker of the Blackberry, saw its net rise 27% in the most recent quarter.

According to The New York Times, Microsoft's new Zune will be priced at $249.99, similar to rival Apple iPod.

The NYT reports that eBay may have an appeal as an acquisition for Microsoft, but many feel the deal is unlikely.

Douglas A. McIntyre

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