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Monday, October 30, 2006

Media Digest 10/30/2006 Reuters, Wall Street Journal, New York Times

Stocks: (IBM)(LEH)(WMT)(SNE)

According to Reuters, IBM and Lehman Bros are teaming up to invest in a number of public and private companies in China.

Reuters said that Sony will try to improve profits from its movie and consumer electronics businesses to offset losses from its PlayStation 3 gaming product.

The Wall Street Journal writes that France's Schneider Electric has offered to buy US power parts supplier American Power Conversion in a $6.1 billion deal.

The Wall Street Journal reports that Wal-Mart posted poor US same-store sales of .5% in October.

The New York Times writes that some executives may have back-dated options to avoid huge tax consequences.

The New York Times also writes that advertiser want internet firms to hire auditors to check clicks and viewer at websites to combat click fraud.

The New York Times reports that the BBC website will begin taking online ads. The move is opposed by some users and BBC employees.

Douglas A. McIntyre

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