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Thursday, October 19, 2006

Media Digest 10/19/2006 Reuters, WSJ, NYT


According to Reuters,Sony cut its annual profit forecast by 62% due to the recall of PC batteries that are defective.

The Wall Street Journal reports that NBC Univeral will cut its costs by $750 million by the end of the year by lowering its news budget and abandoning most high-cost dramas.

Reuters writes thatApple profits rose 27% for the quarter based on stronger sales of its Mac computers and iPods.

Reuters writes that Ebay's profits were up 10% driven in part by strength in the company's online payment system, PayPal.

Reuters writes that Microsoft has released its Internet Explorer 7 browser. Open source browser Mozilla Firefox has been taking share from Explorer in recent years.

The Wall Street Journal writes that AMD's profits rose 77%, but its margins were hurt by competition with Intel

The WSJ writes that JP Morgan's profits rose 30% but the bank's retail and credit card businesses were hurt by the housing slowdown.

The New York Times writes that three doctors have attacked a sepsis drug made by Eli Lilly saying that the company manipulated treatment guidelines.

Douglas A. McIntyre

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