Media Digest (10/18/2010) Reuters, WSJ, NYT, FT, Bloomberg

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Reuters:   Rio Tinto (NYSE: RTP) and BHP  Billiton (NYSE: BHP) killed a $116 billion joint iron ore venture.

Reuters:   The People’s Daily said the rise in the yuan will not last long.

Reuters:   The FDIC says it is attemptng to gauge the damage caused by the foreclosure crisis.

Reuters:   Some investors have begun to prepare for currency wars and global budget cuts.

Reuters:   Sprint-Nextel (NYSE: S) and Clearwire (NASDAQ: CLWR) will begin to offer 4G Wimax in New York City, Los Angeles, and San Francisco before the end of the year.

Reuters:   Skype and KDDI formed a telecom partnership in Japan.

WSJ:   Pensions have cut their positions in stocks to 45% from 70%

WSJ:   Goldman Sachs Group (NYSE: GS) has begun to change the way it does business to help its reputation.

WSJ:   The mortgage fiasco has caused more trouble for people in the eviction process.

WSJ:   A weak dollar will help US manufacturers.

WSJ:   Electric cars may not be as successful as once believed.

WSJ:   New Apple Inc (NASDAQ: AAPL) software is aimed at the corporate market.

WSJ:   Many Facebook apps steal critical information from members.

WSJ:   US sugar production will be hurt by federal rules on genetically altered beets.

WSJ:   Zenith Optimedia says online ad spending has improved.

WSJ:   Emerging market investors face trouble if the US economy remains slow.

NYT:    There is a growing problem that workers have begun to sell company secrets overseas.

NYT:   Apple’s closed system for the iPhone could hurt it the way the Mac did two decades ago.

NYT:   Stories meant to draw large amounts of  traffic often do not help boost  ad sales, according to research firm Perfect Market.

NYT:   The White House says that a stop to mortgage foreclosures would be harmful.

FT:   Chinese investors will press for a piece of the AIA IPO.

FT:   M&A has been hurt by global economic uncertainty.

Douglas A. McIntyre

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