Media Digest (10/26/2010) Reuters, WSJ, NYT, FT, Bloomberg
October 26, 2010 by Douglas A. McIntyre
Reuters: American International Group (NYSE: AIG) CEO Benmosche has cancer. (Reuters)
Ford Motor (NYSE: F) may post record profits. (Reuters)
William Dudley of the New York Fed said the central bank could support the economy. (Reuters)
Berkshire Hathaway (NYSE: BRK.B) named a manager who may replace Warren Buffett. (Reuters)
Sony (NYSE: SNE) share rose on speculation Apple Inc (NASDAQ: AAPL) might buy the company. (Reuters)
The dollar is at a record low compared to the yen. (Reuters)
Roy Ozzie, the departing chief software architect as Microsoft (NASDAQ: MSFT), said the company needed to prepare for a “post PC” world. (Reuters)
Several online travel companies which include Expedia (NASDAQ: EXPE), protested to the Justice Department about a Google (NASDAQ: GOOG) buyout of ITA Software. (WSJ)
Carlyle may buy CommScope for $3 billion. (Reuters)
UBS (NYSE: UBS) reported good Q3 earnings. (NYT)
The telecom industry in the US is particularly sensitive about overseas investment. (NYT)
A Treasury report said that the agency hid AIG losses. (NYT)
Bond investors has begun to bet on a return of inflation. (NYT)
The US will try to cut emissions from large trucks. (NYT)
The Federal government was only able to modify 28,000 mortgages in September. (NYT)
BP’s (NYSE: BP) new CEO accused the US government and other oil companies of pumping up the problems of the Gulf spill. (FT)
Bernanke says the Federal Reserve will look for “systemic weakness” in the mortgage loan markets. (FT)
Fed asset purchases could eventually cause 1970s-type inflation. (Bloomberg)
More companies have begun to outsource technology functions as prices rise. (Bloomberg)
Corn and soy prices many force BHP Billiton (NYSE: BHP) to raise its Potash (NYSE: POT) offer. (Bloomberg)
China car company BYD which is backed by Warren Buffett, suffered a 99% drop in profits. (Bloomberg)
A plan to produce the world’s largest solar plant in southern California was approved by the government. (WSJ)
The IMF increased its growth forecast for Africa. (WSJ)
Ford is close to losing its junk bond rating. (WSJ)
US companies have begun to fear that they have too much inventory. (WSJ)
Sugar prices will hit an all-time high. (WSJ)
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.