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Thursday, October 26, 2006

Media Digest 10/26/2006 Reuters, Wall Street Journal, New York Times

Stocks: (GTW)(SNE)(GM)(ORCL)(DCX)(MO)(KFT)

According to Reuters, Shell's Q3 profits beat forecasts.

Reuters writes that Sony had a Q2 loss on recall of PC batteries. Rival Nintendo showed a sharp increase in profits.

Reuters reports that GM was able to post better Q3 numbers, but it recovery is still in the early stages.

The Wall Street Journal reports that the SEC is investigating 27 mutual fund companies that may have taken kick-backs from outside service contractors.

The Wall Street Journal writes that Gateway is under pressure to change its by-laws which may lead to a proxy fight.

WSJ also reports that Oracle will support Linux software in its new products.

The New York Times reports that executives at Daimler refuse to deny a possible spin-off of its Chysler unit.

The NYT also writes that Altria is coming closer to a sping-off of Kraft.

Douglas A. McIntyre

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