Media Digest 11/24/2010 Reuters, WSJ, NYT, FT, Bloomberg

Reuters: SAP will pay Oracle (NASDAQ: ORCL) $1.3 billion for copyright infringement.

Reuters: The  FBI sent warnings to a number of more hedge funds.

Reuters: The euro fell to two month lows on concerns about Portugal and Spain.

Reuters: A University of Texas research team found Facebook makes people more social.

Reuters: comScore said e-commerce expenditures would be up 11% for the holidays.

Reuters: Opera Software said mobile web usage rose sharply in October.

Reuters: J Crew (NYSE: JCG) will take a $2.8 billion buyout but there may be other bids.

Reuters: Acer launched its new tablet PCs.

WSJ: Spain and Portugal bonds were hit by fears of default.

WSJ: The Federal Reserve chopped its forecasts for job and GDP growth.

WSJ:   FDIC data shows that while large banks have become more healthy, the same is not true for a number of smaller ones.

WSJ:   Third quarter profits grew at an annual rate of $1.66 trillion , according to the Commerce Department.

WSJ: Sales of previously owned homes dropped 2.2% in October.

WSJ:   Spain pressed the case that it is financially healthy.

WSJ:   Dispersants cut the size of the Gulf spill more than expected, according to the National Oceanographic and Atmospheric Administration.

WSJ:   Dynegy shareholders turned down an offer from Blackstone.

WSJ:   Saudi Arabia’s Prince Alwaleed put $500 million into the GM IPO.

WSJ:   Google (NASDAQ: GOOG) may show Miramax films on YouTube.

WSJ:   The SEC said asset-backed bonds may be sold without credit rating reviews.

NYT:   Real estate investors have begun to put more money into apartment towers.

FT: The Fed held a secret meeting about long-term rates and QE2

FT:  Ireland will buy most of  the Bank of Ireland.

FT;   Discount retailers will get a great deal of shopper traffic this year.

Bloomberg: S&P cut its Ireland rating by two notches.

Bloomberg:   Representatives of Portuguese unions began to strike

Bloomberg:  Cerberus will try to sell Chrysler Financial.

Bloomberg:   There are now derivatives to trade Facebook shares.

Douglas A. McIntyre

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