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Wednesday, November 01, 2006

Media Digest 11/1/2006 Reuters, Wall Street Journal, New York Times

Stocks: (SNE)(MO)(T)(AAPL)(PFE)(BA)

According to Reuters, Sony will begin to sell the world's lightest notebook in December in a bid for the business market.

Reuters writes that an appeal judge stayed a rackettering charge against tobacco companies that he been set by a lower court. The basis of the original claim was that the cigarette companies had concealed the health risks of smoking for several decades.

The Wall Street Journal reports that Cingular will launch a music service for its cell phones with Yahoo! Music and several other companies.

Reuters writes that AT&T will expand its Homezone internet and satellite TV service. The product is an alternative to the companies fiber to the home service which is available in a limited number of markets.

Reuters also writes that Oricon has quit the music download business in Japan, driven out of the market by the iPod.

The Wall Street Journal reports that Pfizer announced that its experimental drug that boosts good cholesterol also raises blood pressure, putting the future of the treatment in doubt.

The Wall Street Journal writes that Boeing received an order from Brazilian airline TAG for 777 aircraft breaking Airbus's hold on the carrier.

The Wall Street Journal writes that P&G's earnings rose 33% fueled by sales of its premium product lines.

The New York Times reports that CVS is in talks to buy Caremark, the largest drug middleman, for $21 billion.

The New York Times also reports that Kodak posted a $37 million loss, another red quarter in its effort to migrate its business to a digital platform.

Douglas A. McIntyre

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