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MAJOR PAPERS:- Barron's Online's (subscription required) "Weekday Trader" wrote that NYC tax medallion financier and owner Medallion Financial Corp (NASDAQ: TAXI) is a play on the rising value of the New York City's taxi medallions, currently worth $600K each.
- The Wall Street Journal (subscription required) reported that General Electric Company's (NYSE: GE) NBC next week will use a 1950s standard, live advertisements, to keep viewers watching commercials in the age of digital video recorders.
- Whirlpool Corporation (NYSE: WHR) will cut over 700 jobs at two Tennessee plants, reported the Associated Press.
- The U.K. Times has learned that food service company Sysco Corporation (NYSE: SYY) will bid for British food company Brake Bros, which has also drawn interest from Archie Norman and Blackstone.
- From BusinessWeek's "Inside Wall Street" section:
- Without belittling the challenge Siemens AG (NYSE: SI) faces from its bribery scandal, investors will now start paying attention to the company's earnings, according to Michael Hagmann of UBS.
- MCF Corporation (NYSE: MEM) is a small financial services operation with a cheap price, given its 50% annual growth rate, said Scott Potter of San Francisco Equity Partners.
- John Maloney, president of M&R Capital Management, sees National Bank of Greece (NYSE: NBG) benefiting from the booming economies of Southeastern Europe.
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