Media Digest (10/14/2010) Reuters, WSJ, NYT, FT, Bloomberg

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WSJ:   Private equity interests and AOL (NYSE: AOL) may make a bid for Yahoo! (NASDAQ: YHOO).

Reuters:   RealtyTrac said the number of homes taken by foreclosure topped 100,000 for the first time ever in September.

Reuters:   Gold rose and the dollar dropped as Singapore tightened policy to let its currency rise.

Reuters:   Microsoft (NASDAQ: MSFT) expanded its relationship with Facebook as part of its plan to gain search market share.

Reuters:   Sony (NYSE: SNE) delayed the launch of its best-selling “Gran Turismo video game.

Reuters:   The chairman of GM said the company’s IPO would be priced in a range between $20 and $25.

WSJ:   Steve Rattner settled charges by the SEC for $5 million and an industry ban.

WSJ:   Wal-Mart will open small stores in many of the country’s large cities.

WSJ:   Fannie Mae and Freddie Mac may have recommended law firms that handled foreclosures–perhaps improperly.

WSJ:   Some homebuilders have come out of bankruptcy with strong balance sheets and good land assets.

WSJ:   An internal inspector cleared the SEC of any wrongdoing in the Goldman Sachs Group (NYSE: GS) case.

WSJ:   The Brookings Institution’s Hamilton Project says some communities damaged by the recession may take years to recover.

WSJ:   The EPA approved new, higher 15% level for ethanol in gasoline used by cars.

WSJ:   China’s foreign currency reserve rose by $194 billion in the last quarter.

WSJ:   Germany warned that China’s currency stance could cause a trade war.

WSJ:   Occidental Petroleum’s long-time CEO Ray Irani will leave.

WSJ:   BMW will increase SUV production at its plant in Georgia.

WSJ:   Sirius XM (NASDAQ: SIRI) posted strong quarterly earnings and subscriber gains.

WSJ:   Global PC shipments posted only a modest rise last quarter according to IDC and Gartner

WSJ:   Anglo Irish Bank creditors have started to fight a government bailout.

NYT:   Many banks did not respond to sign of mortgage trouble.

NYT:   The Institute of Medicine said food should carry labels that warn more aggressively about health side effects.

FT:   Wells Fargo (NYSE: WFC) may have hard a large share of mortgage foreclosures which were not properly handled.

FT:   Japan warned China and South Korea on currency prices.

FT:   Oil trading firm Vitol said crude would remain below $100.

Bloomberg:   Yahoo! Inc. (NASDAQ: YHOO) has hired Goldman Sachs Group (NYSE: GS) to handle takeover offers.

Bloomberg:   A Toyota Motor (NYSE: TM) safety audit found “misunderstandings” with suppliers.

Douglas A. McIntyre

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