Media Digest Decmber 12, 2006 Reuters, NYTimes, WSJ, FT


According to Reuters, the Nasdaq has launched a $5.3 billion hostile bid for the London Stock Exchange.

Reuters writes that Microsoft has begun tests of its new voice over IP system.

Reuters writes that Yahoo! has opened its new Panama advertising service to newcomers and potential converts from rivals.

The New York Times reports that Sabre has been sold to private equity interests for $4.3 billion.

The Wall Street Journal reports that the board of Delta is meeting to consider a bid from US Airways.

According to The Wall Street Journal DuPont will cut 1,500 jobs in a restructuring.

The Wall Street Journal reports that Texas Instuments has cut its forecasts due to weakening demand for its chips.

The New York Times reports that Qualcomm lost its dispute over patents with Broadcom in a ruling by the Internatinal Trade Commission.

The FT reports that Citigroup has tapped the head of its investment banking unit to be president of the parent.

Douglas A. McIntyre

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