Media Digest 5/15/2007 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, profits fell at Barclays (BCS) due to large write-offs.

Reuters writes that Carl Icahn has decide to begin a proxy fight against Yahoo! (YHOO)

Reuters reports that Sony (SNE) rose 10% after a good earnings report.

Reuters writes that sales of the Toyota (TM) Prius have hit one million units worldwide.

The Wall Street Journal writes that GE (GE) will sell its appliance division.

The Wall Street Journal reports that the US government is seeking the names of wealthy UBS (UBS) clients who may have used the company to avoid taxes.

The Wall Street Journal writes that  Paul Volcker is worried about the Fed’s balance sheet.

The Wall Street Journal writes that the rising price of steel is halting some construction projects.

The Wall Street Journal writes that IAC (IACI) will buy Lexico Publishing,, the owner of Dictionary.com, Thesaurus.com and Reference.com.

The Wall Street Journal writes that a suit against Countrywide’s (CFC) officers and directors will continue.

The Wall Street Journal writes that sales of Sony’s (SNE) PS3 are out-pacing sales of Microsoft’s (MSFT) Xbox 360.

The Wall Street Journal writes that Comcast (CMCSA) will by online networking site Plaxo.

The New York Times writes the Turner Entertainment will launch a product to match ads to relevant moments in the shows that they interrupt.

The FT writes that there may be signs that the rise of food prices is slowing.

Bloomberg reports that China factory and property spending rose almost 26% adding to concerns that its economy is overheating

Douglas A. McIntyre