Media

Media Digest (10/20/2010) Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   Wall St. was disappointed by Yahoo!’s (NASDAQ: YHOO) revenue forecast.

Reuters:   French police unblocked the fuel deposites held by strikers against auterity.

Reuters:   The CEO of Research In Motion (NASDAQ: RIMM) refuted comments made by Steve Jobs about the weakness of the Blackberry maker.

Reuters:   Microsoft (NASDAQ: MSFT) launched a cloud version of Office.

Reuters:   BHP Billiton’s (NYSE: BHP) bid for Potash (NYSE: POT) will face political pressure from the province where the Canadian firm is based.

Reuters:   Sanofi-Aventis will have to raise its bid for Genzyme (NASDAQ: GENZ) to close a deal.

Reuters:   GE (NYSE: GE) and United Technologies (NYSE: UTX) may bid for a BEA unit.

WSJ:   The BP (NYSE: BP) escrow fund may have trouble processing claims in a orderly way.

WSJ:   A US probe about mortgage foreclosures found that some large banks made many more mistakes than others.

WSJ:   An increase in China interest rates caused sell-offs in commodities on concerns that the nation’s economy has slowed.

WSJ:   The earnings success of industrial suppliers will be hurt by an increase in the cost of their goods.

WSJ:   Bank of America (NYSE: BAC) has resisted the repurchase of bad loans that it syndicated and sold.

WSJ:   The head of the FCC criicized Fox and Cablevision (NYSE: CVC) for their failure to come to terms on a deal to get Fox back on the air.

WSJ:   Many retailers face the problem that their websites do not work on Apple iPhones as the holiday sales perdiod approaches.

WSJ:   Verizon Wireless will offer a cheap data plan to bring in new customers.

WSJ:   The American Council of Education said graduation rates have slowed.

WSJ:   Private security firms will sign a code of conduct in the face of criticism about their practices.

WSJ:   The EU will make debt sanction plans against member nations which do not meet deficit plans less burdensome.

WSJ:   China will cut rare earth shipments to the US.

WSJ:   The US will support the installation of chargers for electric cars in a number of locations which will include stores and gas stations.

WSJ:   Porsche’s merger with VW has been delayed.

WSJ:   The US delayed the approval of a major diabetes drug to be marketed by Eli Lilly (NYSE: ELY)

WSJ:   Intel (NASAQ: INTC) will invest $6 billion in US-based plants

WSJ:   A great deal is at risk for Nokia (NYSE: NOK) as its new CEO addresses investors for the first time.

WSJ:   Warren Buffett increased his share in Munich Re.

WSJ:   The FDIC will bundle and sell property loans which have been hard to value.

WSJ:   The pink sheet company that covers public companies that do not trade on major exchanges will try to change its image.

WSJ:   The US will sell more shares of Citigroup (NYSE: C)

FT:   Hedge funds had their largest increase in assets in three years.

Bloomberg:   The head of the Bank of England said G20 nations need a deal on currencies to avoid a period of protectionism.

Bloomberg:    Hedge funds have begun to consider distressed assets in China and Japan.

Bloomberg:   The return on the TARP was higher than the return on 30 year Treasuries.

Bloomberg:   Apple will announce a new line of Mac computers.

Douglas A. McIntrye

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