Media Digest 11/15/2006 Reuters, Wall Street Journal, New York Times

Stocks: (BKS)(LOW)(BUD)(TGT)(NWS)(MSFT)(GOOG)(C)(HD)(TWX)(GE)According to Reuters, Bershire Hathaway added shares in Nike and Lowe’s, but may have reduced positions in Anheuser Busch and Target.The Wall Street Journal reports that Boeing may win up to $10 billion in new plane orders in the coming weeks as airline replace older planes.Reuters writes that News Corporation believes that its operating profits will be up in double digits although advertising in it major markets will be flat. Fox, satellite holdings, and new media should drive the growth, the company said.Reuters reports that Microsoft believes that web based software will be the most important development affecting the company over the next decade. However, MSFT believes that server delivered software will operate with software already loaded on the PC. This contrast with Google’s model of delivering software strictly over the web.The Wall Street Journal reports that Citigroup now seems to be the lead bidder for a $3.1 billion investment in China’s Guangdong Development Bank.The WSJ also reports that seven major investment banks in Europe are working on a stock trading system that could take trading from the London Stock Exchange. The banks include Goldman Sachs, Merrill, and Citigroup.The Wall Street Journal writes that bankrupt car parts company Collins & Aikman will sell itself off to satify creditors.The Wall Street Journal also writes that Home Depot had a 3.1% earnings drop and cut forecasts due to a soft housing market.The New York Times reports that the president of the NBCUniversal television group is in talks to join Time Warner’s AOL unit. Randy Falco might take over as CEO at AOL.Douglas A. McIntyre

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