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Wednesday, October 04, 2006

Media Digest 10/4/2006 Reuters, WSJ, NYT


According to Reuters, the trading in options in Harrah's before its recent buy-out offer is being questioned.

Reuters writes that the delay in the Airbus super-jumbo jet, the A320, is forcing airlines around the world to scramble for alternatives. The credit rating of Airbus parent, EADS, may be threatened.

Reuters reports that AOL will launch a new verion of its software that allows users to access e-mail, instant messaging, search and media on one screen.

The Wall Street Journal writes that many hedge funds are in trouble or closing even while the Dow Jones hits record levels. Vega Asset Management, once one of the largest hedge funds, is down 75% from its peak two years ago.

The WSJ reports that GM's board met to discuss the company's turnaround. It is believed that CEO Wagoner told the board that with stable sales and deep cost cuts there was no need to enter an alliance with Nissan and Renault.

The WSJ writes that oil prices dropped 3.8% to $58.38, near the low for the year.

The WSJ also reports that European Union official believe that they have enough data to bring anti-trust charges against Intel.

The New York Times reports that sales of pick-up trucks and SUVs rebounded a bit in September, but Detroit car makers still lost ground to Toyota as its sales in the US increased 25% for the month.

Security software makers Symantec and McAfee are complaining the the new Microsoft Vista operating system unfairly points users to the software giant's security offerings.

Douglas A. McIntyre

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