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Friday, October 27, 2006

Media Digest 10/27/2006 Reuters, Wall Street Journal, New York Times


According to Reuters, Microsoft earnings rose 11% in the quarter just reported.

Reuters writes that Bank of America management has said it is upbeat about its commercial lending operation.

The Wall Street Journal writes that civil fraud claims are being filed against former Delphi executives.

Reuters reports that Sun Microsystems narrowed its loss on revenue growth in its just reported quarter.

Reuters also reports that securities analysts are cautious about GM's recovery as the car company burns cash at a rate not indicated in its P&L statements but found in reported cash flow information.

The Wall Street Journal writes that AutoNation, the big car dealer network, will order 30% fewer cars from Chrysler, GM and Ford this quarter due to an inventory glut.

The Wall Street Journal reports that Exxon's net rose 5.7% to $10.49 billion.

The Wall Street Journal writes that Aetna profits rose 28%.

The New York Times reports that Shell posted strong quarterly profits.

The NYT also reports that Bristol-Myers Squibb quarterly report shows that generics are taking its market share.

The NYT also writes that Sprint reported a 52% decline in quarterly profits.

Douglas A. McIntyre

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