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Tuesday, October 17, 2006

Media Digest 10/17/2006 Reuters, WSJ, NYT


According to Reuters, Wal-Mart has decided to buy a large Chinese retail chain for $1 billion.

Reuters writes that British Airways is considering buying a number of long haul aircraft from either Boeing or Airbus.

Reuters reports that Merck's cervical cancer vaccine has gone on sales in Europe.

Reuters also reports that Sony will recall batteries for its own PCs. Sony makes the batteries.

The Wall Street Journal reports that the options scandal claimed more jobs as two senior officials at KLA-Tencor left the company.

The WSJ writes that 54 companies now face delisting from the Nasdaq Stock Market due to late SEC filing caused by options-backdating investigation. Apple and Autodesk are among the companies.

The WSJ also writes that earnings at Wachovia rose 13% but revenue growth was weak.

The WSJ also reports that Chrysler believes that it will gain a full percent of market share in the US in 2007 due to the release of several new models.

The New York Times writes that Google is building a solar energy facility to provide power to some of its offices.

The NYT writes that profits at Schwab rose 29%.

Douglas A. McIntyre

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