Media Digest 12.16.2010 Reuters, WSJ, NYT, FT, Bloomberg
December 16, 2010 by Douglas A. McIntyre
The Obama $858 billion tax plan moves to the House for a vote. (Reuters)
Twitter raised money at a rate which valued that company at $3.7 billion. (Reuters)
Eurozone debt problems pushed down the price of oil. (Reuters)
Smartphone LCD sales helped Toshiba’s profits. (Reuters)
Square Enix said its would delay several games. (Reuters)
Google’s (NASDAQ: GOOG) YouTube may acquire Next New Networks. (NYT)
Mobile phones have helped shoppers find bargains as the move from store to store. (WSJ)
Bank of America (NYSE: BAC) is in discussions to settle financial disputes with some of the largest owners of its packaged mortgage products. (WSJ)
Several online trading firms may have IPOs. (WSJ)
Twenty investors who visited Obama were pressured to add jobs. (WSJ)
The Justice Department sued BP plc (NYSE: BP) over safety and environmental violations. (WSJ)
Factory output increased last month as inflation grew. (WSJ)
Johnson & Johnson (NYSE: JNJ) appointed senior managers who might become CEO. (WSJ)
GM bought back preferred shares from the Treasury Department. (WSJ)
Investors became more concerned about Spain as Moody’s threatened to cut its rating. (WSJ)
Employment is the eurozone stayed flat, but the largest economies added jobs. (WSJ)
Carl Icahn agreed to buy Dynegy. (WSJ)
Capital Shopping Centres rejected a bid from Simon Properties. (WSJ)
Delta (NYSE: DAL) may add fuel surcharges to tickets. (WSJ)
McDonald’s (NYSE: MCD) will grow more rapidly in China. (WSJ)
Analysts cut earnings forecasts on Goldman Sachs Group (NYSE: GS) and Morgan Stanley (NYSE: MS) due to slow trading. (WSJ)
China’s move into the US wind industry has drawn conflicting reactions. (NYT)
Bloomberg will begin to publish editorials to help its national influence. (NYT)
China agreed to new intellectual property regulations. (NYT)
Members of the German parliament are in a fight over whether to provide more financial support to the eurozone. (FT)
Spain may have trouble with its fundings needs next year. (FT)
The US sued BP plc for $21 billion in environmental damages. (FT)
McDonald’s (NYSE: MCD) was sued by the Center for Science in the Public Interest because of potentially deceptive practices in marketing some of its food. (FT)
Decisions by the FCC could change the cost and availability of wireless internet. (FT)
The EU faces “gridlock” on the debt crisis. (Bloomberg)
Facebook sales should reach $2 billion this years. (Bloomberg)
Goldman Sachs executives will get $111 million in bonuses for 2007 and 2009. (Bloomberg)
S&P expects the Germany recovery to pick up pace in 2011. (Bloomberg)
Douglas A. McIntyre
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