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Friday, October 13, 2006

Media Digest 10/13/2006 Reuters, WSJ, NYT

Stocks: (HD)(TWX)(IBM)(PEP)

According to Reuters, Britain gambling operation, Sports Betting, exited the US due to legal restriction. The company sold US operations to private investors for $1.

Reuters writes that Home Depot is planning to enter China through a tie up with local HomeWay stores.

Reuters writes that Time Warner's Warner Bros. division will take up copywrite issues that it has with YouTube to the company's new owner Google.

The Wall Street Journal writes that PepsiCo has raised its forecast for the balance of the year.

The WSJ reports that the stock options scandal has lead managers of BCGI and Sanmina-SCI to step down.

The New York Times writes that IBM will move its global procurement headquarters from New York State to China to capitalize on emerging market activities.

Douglas A. McIntyre

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