Media Digest 10/19/2006 Reuters, WSJ, NYT
Stocks: (SNE)(GE)(AAPL)(AMD)(EBAY)(MSFT)(JPM)
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
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
posted by douglas mcintyre at 4:57 AM
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