Media

Media Digest (10/12/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Alcoa (NYSE: AA) earnings bring markets lower. (Reuters)

Senate defeats the Obama jobs bill. (Reuters)

Sony (NYSE: SNE) says a third party tried to sign into 93,000 PlayStation accounts. (Reuters)

The Research In Motion (NASDAQ: RIMM) BlackBerry network suffers another breakdown. (Reuters)

EBay (NASDAQ: EBAY) to broaden its relationship with Facebook. (Reuters)

Deutsche Boerse and NYSE Euronext (NYSE: NYX) have three weeks to answer EU concerns about the merger. (Reuters)

A whistleblower comes forward in the BNY Mellon (NYSE: BK) currency trading investigation. (WSJ)

Hewlett-Packard (NYSE: HPQ) may not spin out its PC operation. (WSJ)

The Senate to pass a bill that encourages the government to label China as a currency manipulator. (WSJ)

Some mutual funds that own Groupon shares may not make the profit they had expected. (WSJ)

Burberry sales rise sharply. (WSJ)

Choppy markets make it hard for Sprint-Nextel (NYSE: S) to target new financing. (WSJ)

Solyndra is one of a number of troubled U.S.-backed energy firms. (WSJ)

The use of vitamin-E supplements may increase the rate of prostate cancer. (WSJ)

Share buybacks often produce lackluster results. (WSJ)

Zynga begins to reduce its reliance on Facebook. (WSJ)

News Corp. (NYSE: NWS) defends its directors against charges that they have ties to the Murdoch family. (WSJ)

99 Cent Only Stores (NYSE: NDN) agrees to a buyout by Ares Management and the Canadian Pension Investment Board. (WSJ)

A large UAW local rejects a deal with Ford (NYSE: F). (WSJ)

Mercedes-Benz sales in China falter. (WSJ)

Chevron (NYSE: CVX) says third-quarter profits will be within expectations. (WSJ)

The U.S. Energy Department will work with Nvidia (NASDAQ: NVDA) and Advance Micro Devices (NYSE: AMD) to build a major supercomputer. (WSJ)

OPEC cuts its forecast for demand for 2011 and 2012. (WSJ)

Strikes hurt India’s largest car maker. (NYT)

The EU is closer to recapitalizing some of its banks. (NYT)

Shippers voice concern about U.S. holiday sales. (NYT)

A 9% capital rule could force Europe’s banks to raise nearly $300 billion. (FT)

Slovakia politicians still in a battle over approval of the EU bailout fund. (Bloomberg)

Apple (NASDAQ: AAPL) launches its iCloud service. (Bloomberg)

Douglas A. McIntyre

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