Investing

Media Digest (12/28/2010) Reuters, WSJ, NYT, FT, Bloomberg

Obama will delay the release of his new budget by a week (Reuters)

US gas prices moved above $3, the highest since October 2008 (Reuters)

Gold rose on Asia purchases (Reuters)

Amazon.com (NASDAQ: AMZN) said it Kindle e-reader is has done well in competition with e-readers. (Reuters)

The trading in private shares of Facebook, Twitter, and Linked In has accelerated. (WSJ)

The rise in gas and cotton prices will make life difficult for retailers next year (WSJ)

Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) still struggle for the top spot in investment banking and M&A transactions (WSJ)

AIG (NYSE: AIG) got credit lines to replace federal government loans (WSJ)

Lenovo has begun to push into Russia and India (WSJ)

The National Bureau of Economic Research say unemployment causes people to adopt poor diets (WSJ)

GE (NYSE: GE) set joint ventures in Russia to increase its presence in the medical and energy infrastructure industries (WSJ)

Consumer confidence numbers should rise into 2011 (WSJ)

Charles Schwab head of Schwab (NASDAQ: SCHW) had heart surgery (WSJ)

The Treasury will sell $56 billion in paper this week (WSJ)

Oil futures hit three-and-a-half year highs as cold spread across Florida (WSJ)

Canadian banks have become more aggressive in purchases of US counterparts (NYT)

Google’s (NASDAQ: GOOG) planned purchase of travel software company ITA has split the travel industry (NYT)

Investigations has hurt the use of expert networks by Wall St. firms (NYT)

Foreign banks gained a great deal from the use of US federal emergency funds (FT)

Equity investors took profits as China raised rates (FT)

The sales of oil and gas assets has increased sharply (FT)

Japan’s production index rose again (Bloomberg)

Apple (NASDAQ: AAPL) was sued over applications that give private information to marketers (Bloomberg)

US holiday retail sales rose 5.5% (Bloomberg)

Douglas A. McIntyre

 

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