Media Digest 12/8/2006 Reuters, NYTimes, WSJ, FT

Stocks;  (HPQ)(COP)(GM)(F)(WMT)(MO)

According to Reuters, Hewlett Packard paid $14.5 million to settle civil charges by the State of California over its boardroom spying incident.

Reuters writes that the capex spending of Chevron and Conoco deal with costs in vastly different ways based on the progress of the two companies toward developing oil and gas reserves.

Reuters writes that GM will get 40% of its 2007 sales from new models that are less expensive to develop. The company also said it expects sales gains.

The FT writes that Chinese company Wanxiang Group, China’s top auto parts supplier, is in talks about buying some of Ford’s component businesses.

The Wall Street Journal  reports Wal-Mart dismissed its new ad agency Draft FCB just a few months after signing it.

The Wall Street Jounral also reports that Coke has named its international chief to become president and COO.

The Wall Street Jounal reports that deals are imminent in the tobacco industry will the potential that more than one group will bid for Britain’s Gallaher.

The New York Times reports that GM wil add European models to its Saturn line.

Douglas A. McIntyre

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