Media Digest (3/25/2011) Reuters, WSJ, NYT, FT, Bloomberg
March 25, 2011 by Douglas A. McIntyre
The Federal Reserve will hold press conferences four times a year. (Reuters)
In 2006, Fannie Mae was warned about abuses in the foreclosure process. (WSJ)
The Apple (NASDAQ: AAPL) iPad will go on sales overseas. (Reuters)
Google (NASDAQ: GOOG) said it needed to do more work on the new version of Android and would delay open source access. (Reuters)
The lackluster earnings outlook of Research In Motion (NASDAQ: RIMM) pressured its shares down. (Reuters)
BHP Billiton (NYSE: BHP) set a $9.5 billion expansion plan. (Reuters)
Problems with Portugal’s failure to approve austerity raised new concerns about Spain. (WSJ)
RIM’s new Playbook tablet will run Google apps. (WSJ)
The Federal Reserve may auction $15.6 billion in AIG (NYSE: AIG) subprime paper instead of selling to back to the company. (WSJ)
An arbitration panel rejected a BP plc (NYSE: BP) to drill in the arctic with Russian partner Rosneft. (WSJ)
Oracle’s (NASDAQ: ORCL) earnings rose sharply on software sales. (WSJ)
Toyota Motor (NYSE TM) will begin limited production in Japan. (WSJ)
The US Postal System will fire 7,500 managers. (WSJ)
The Japan crisis has raised worries about storage of spent rods. (WSJ)
China will have trouble keeping up with food demand. (WSJ)
Starz will delay the release of some programs to Netflix. (NASDAQ: NFLX) (WSJ)
Short selling rose on the NYSE but fell on the Nasdaq. (WSJ)
Grain prices rose due to worries about US crops. (WSJ)
GE (NYSE: GE) has set up business practices that allow it to avoid US taxes. (NYT)
Some experts believe that Portugal should restructure its debt in a way that would hurt bond holders instead of taking a bailout. (NYT)
Portugal will need nearly $100 billion in aid. (Bloomberg)
Douglas A. McIntyre
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