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