Friday, August 25, 2006

BUSINESS

SONY SHARES HIT BY BATTERY RECALL, BUT IMPACT LIKELY LIMITED

Shares of Sony Corp. took a hit Friday after Aplple Computer Inc. announced a massive recall of Sony- made laptops computer batteries, but analysts say the impact on the stock look limited. On Thursday became the latest company to recall more than 1 million potentially flammable labtop batteries.

THANKS A HUNDRED MILLION

The market pumped up the volume on Creative Technology Thrusday after the maker of digtial music players settled a series of legal disputes with Apple Computer owner of the dominant iPod product line. As a result, Creative will become a "Made For iPod" program partner, and the company said it plans a line of Apple iPod accessory products later this year. Interestingly, Apple can also recoup part of the Creative patent settlement if Creative is successful in licensing the patent to others.

Denzal Washington Money Made for One Movie

In the movie "The Hurricane" Ketcham estimated that a best picture nomination would have been worth an additional $20 million to $30 million at the box office, not to mention additional revenues from video rental and sales. To date, "The Hurricane" has earned nearly $50 million at the box office, domestically.

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