Media Digest (10/28/2010) Reuters, WSJ, NYT, FT, Bloomberg

Mortgage investors have begun to pressure banks to buy back bad loans. (Reuters)

China may use its rare earth stocks to help it move ahead with alternative energy.  (Reuters)

Bank of Japan released details of its asset purchase plans. (Reuters)

Higher US yields will keep the dollar high. (Reuters)

The US ended an investigation into Google’s (NASDAQ: GOOG) method to gather Street View data. (Reuters)

Apple Inc (NASDAQ: AAPL) said in its 10-K that it had added staff and that its margins will drop. (Reuters)

Nvidia (NASDAQ: NVDA) says its chips are used in supercomputers. (Reuters)

Some analysts believe that the price of GM shares could allow the Treasury to get its investment in the car company back. (WSJ)

MGM could be taken over by a hedge fund, but Carl Icahn wants a different outcome. (WSJ)

Google will push harder into the local ad business. (WSJ)

A new supercomputer built in China may cause concern in the US tech and security sectors. (WSJ)

Cablevision (NASDAQ: CVC) has not been able to make progress in talks to put Fox back on its system. (WSJ)

Larry Ellison of Oracle (NASDQ: ORCL) increased his attacks on Hewlett-Packard’s (NYSE: HPQ) new CEO. (WSJ)

Chancellor Angela Merkel of Germany wants changes to the EU agreement which would put more pressure in faltering economies with the group. (WSJ)

Defense contractors are likely to see sales drop as the government institutes austerity measures. (WSJ)

Electric cars will take years to be adopted according to a new study. (WSJ)

Man Group will cut 200 people after buying another financial firm. (WSJ)

Investors are concerned about the balance sheets of some of Japan’s largest banks which include Mitsubishi UFJ and Sumitomo Mitsui.  (WSJ)

Visa’s (NYSE: V) earnings rose sharply. (WSJ)

Cotton posted a huge drop on good news about crops. (WSJ)

Mortgage bankers believe home loan interest rates will rise. (WSJ)

Nintendo faces the need for a comeback in the gaming business. (WSJ)

China says it will not use rare metals as part of its trade policy. (NYT)

Nintendo posted a first half loss. (NYT)

Home owners are trying to use the mortgage scandal to keep houses by claiming they were victims of poor paperwork. (NYT)

Retailers have begun to move the beginning of the holiday season into early November. (NYT)

A drop in tax revenue may hurt European nations which are in the midst of deficit cuts. (NYT)

Airline unions want a share of improved financial results. (NYSE)

Divisions among major companies have slowed US corporate tax reform. (FT)

Wells Fargo (NYSE: WFC) admitted some of its mortgages were not handled properly. (FT)

Silicon Valley VCs have turned to Asia for IPOs. (FT)

The Federal Reserve has asked dealers to gauge the impact of debt purchases. (Bloomberg)

French unions began new strikes over pension issues.

Douglas A. McIntyre