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Wachovia cuts ad outlook and IPG, Omnicom forecasts

... the New York Stock Exchange. Shares of MDC were up 31 cents at $6.10 on the Nasdaq.. (Reporting by Paul Thomasch; Editing by Steve Orlofsky)

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UPDATE 1-Corning to cut spending and possibly capacity

... will control the increase in our R&D spending to be much less than in recent years." (Reporting by Paul Thomasch; Editing by Lisa Von Ahn)

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Rambus says top U.S. court denies Samsung appeal

... of Rambus means that Samsung has exhausted its appeals and the case is now closed. (Reporting by Paul Thomasch, editing by Gerald E. McCormick)Copyright 2008 Reuters.

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INTERVIEW-Discovery in YouTube deal, days after going public

* Discovery in YouTube deal for nine Web video channels * Will feature original clips and excerpts from shows * Companies to create international Web video channels By Paul Thomasch NEW YORK, Sept 23 (Reuters) - Discovery Communications (DISAD.O: ), in its first deal since becoming a public company, will create nine branded channels on the YouTube video website, featuring clips from the...

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McAfee taps three Omnicom agencies for ad work

... company, were down 3 cents at $39.38 in early New York Stock Exchange trade. (Reporting by Paul Thomasch; Editing by Derek Caney)

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Sept. 12, 2008: Terrible and glorious

“This is the first I’ve heard of it. I have no idea how this awful thing happened. It’s just one of those terrible and glorious things that happen time to time in publishing.” - Frank Miller Above the Fold [Top Story] Paul Thomasch predicts that media companies dependent upon advertising revenue can expect further losses in 2009. [...]

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CBS chief offers optimistic view of ad market

CBS chief offers optimistic view of ad marketBy Paul Thomasch of ReutersNEW YORK -- CBS Corp Chief Executive Les Moonves said national TV advertising remained strong and some local advertising was recovering -- suggesting that marketers haven't cut budgets as deeply as some feared.Mr Moonves, speaking at a Merrill Lynch media conference on Tuesday, offered "guarded optimism" about advertising...

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HP closes $13.9 billion purchase of EDS

NEW YORK (Reuters) - Hewlett-Packard , the computer and printer maker, said on Tuesday it closed the $13.9 billion purchase of Electronic Data Systems Corp., a deal that HP hopes will help it better compete with IBM .The company said it would further discuss its plans for EDS during a meeting with analysts on September 15.(Reporting by Paul Thomasch; Editing by Steve Orlofsky)