Media Digest 8/24/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BHP Billiton (NYSE: BHP) is likely to show strong profits as it continues its quest to buy Potash (NYSE: POT).
Reuters: Chrysler will have a hard time turning a profit this year.
Reuters: Hewlett-Packard (NYSE: HPQ) began a bidding war with Dell (NASDAQ: DELL) for 3 Par (NYSE: PAR)
Reuters: The Nikkei hit a 15-month closing low below 9.000.
Reuters: Taiwan’s LCD makers filed more suits against Sony (NYSE: SNE).
Reuters: Tencent bought a Google (NASDAQ: GOOG) backed social network in China.
Reuters: Nokia (NYSE: NOK) and Intel (NASDAQ: INTC) said their MeeGo mobile software was off to a good start.WSJ: Seven of the Fed’s top officials were against changing the way that the central bank manages its portfolio according to an account of a August 10 meeting. The debate was about buying more long-term securities
WSJ: Businesses are adopting the Apple (NASDAQ: AAPL) iPad.
WSJ: The Administration may force lenders to pay higher fees to cover federal backing of mortgages.
WSJ: Plans to distribute the BP (NYSE: BP) escrow account have been attacked.
WSJ: Genzyme and Sanoft-Aventis are still fighting over the price of an M&A deal.
WSJ: China investors may make a bid for Potash (NYSE: POT)
WSJ: Bank disclosures of their sovereign debt holdings are incomplete.
WSJ: Pay TV companies lost subscribers last quarter.
WSJ: The SEC says the former CEO of Countrywide approved favorable loans to “favored” borrowers.
WSJ: A judge blocked funds for federal stem cell research.
WSJ: The FHA will increase funds it charges borrowers to increase its cash position.
WSJ: Chrysler dealers, some with large inventories, are balking at selling new cars from Fiat.
WSJ: Johnson & Johnson (NYSE: JNJ) recalled contact lenses.
WSJ: IPOs of companies with famous brands may have hidden dangers.
NYT: Nordstrom is trying to retain shoppers on the Web by showing them inventory from its stores and online operations.
NYT: TGP will create China currency funds.
FT: More companies are turning to private placements for funds.
FT: Austerity programs may hurt banks.
Bloomberg: Dell may try to outbid HP for 3 Par.
Bloomberg: Greek banks are being pressed to merge due to faltering economic indicators.
Bloomberg: A restructuring of Citigroup’s (NYSE: C) consumer bank uncovered a number of troubled mortgages.
Douglas A. McIntyre