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Thursday, September 07, 2006

Media Digest 9/7/2006


According to Reuters, KB Homes and Hovnanian, two home builders indicated that the housing market was falling quickly. KB Homes warned on earnings and Hovnanian said that its fiscal third quarter earnings were down 36%.

Reuters writes that Sony would delay the launch of its Playstation 3 in Europe, possibly hurting holiday income.

Reuters writes that Cisco sees growth in it consumer and enterprise video business as demand for phone company equipment may slow due to mergers in the industry.

The Wall Street Journal says that the SEC and California Attorney General are looking into the cirmcumstances surrounding leaks to the press by a company board member.

The Wall Street Journal reports that Boston Scientific said that new data shows that blood clots could form around its drug-coated cardiac stents.

The WSJ also reports that Apple introduced a new line of Macs, one of which sells for under $1,000.

The New York Times writes that federal authorites have asked for information about the company's stock options practices at Home Depot.

Douglas A. McIntyre

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