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MARKETS
Citigroup was top Q3 underwriter
The bank handled $115.6 bil in stock and bond underwriting to take a 9.9% share of the $1.17 tril market, says Thompson Financial. No. 2 Morgan Stanley got the most fees, $339.4 mil. Merrill Lynch ranked third in transaction volume. Total underwriting volume rose 29%. Year-to-date stock and bond issuance has risen 21%, but fees have fallen 12%.
MEDIA
Disney sees good '04 net growth
The media and entertainment giant said its radio and TV networks are getting a boost from a steady advertising market. As a result, Walt Disney sees strong earnings growth in '04. The fall TV season's first week has turned out well for its ABC network, COO Bob Iger said, and ad rates are up from advance sales made at the start of the summer.
** Cox Communications will make high-definition TV channels available in 85% of its market by year-end, the cable operator said.