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