Daily Media Digest from the likes of the WSJ, NYT, Reuters, Financial Times, and more...

[웃 910]

Media Digest 7.27.2010

Reuters: UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) posted good earnings.

Reuters: The EU opened antitrust investigations into IBM (NYSE: IBM)

Reuters: Ask.com, owned by IACI (NASDAQ: IACI), will use humans to screen results.

Reuters: Yahoo! Japan will use the Google Inc (NASDAQ: GOOG) search engine.

Reuters: Google In.c has launched a government version of its software

Reuters: Genzyme may take a bid to buy the company from Sanofi Aventis.

WSJ: Larry Ellison of Oracle (NASDAQ: ORCL) was the highest paid CEO of the last decade earning more than $1.84 billion.

WSJ: Congress and others are battling over whether the Obama stimulus package helped the economy or hurt it.

WSJ: The supply of existing homes is probably still growing.

WSJ: The IMF said the yuan is undervalued.

WSJ: China is having trouble selling products outside the country using its own brands.

WSJ: SAP (NYSE: SAP) raised its sales outlook.

WSJ: FedEx (NYSE: FDX) raised its earnings outlook.

WSJ: The National Conference of State Legislatures says state tax collections should rise.

WSJ: The US Chamber of Commerce says China is causing trade tensions.

WSJ: Carl Icahn sued Lions Gate as part of his takeover bid.

WSJ: A federal court approved "jail breaking" of Apple Inc. (NASDAQ: AAPL) iPhone software to download non-approved applications.

WSJ: Most EU nations, excluding Germany, have agreed on new rules to keep banks from taking too much risk.

WSJ: Wall St firms are paying settlements on their sales of muni bonds as safe investments.

WSJ: Lenders to corporations during the credit crisis did better than those in past recessions.

WSJ: Short selling fell on the NYSE.

NYT: Low orders by retailers are moving up shipping costs.

NYT: Nike (NYSE: NKE) will support workers in impoverished Honduras.

NYT: New rules in Europe would cause banks to keep higher capital reserves.

NYT: Walt Disney (NYSE: DIS) will kill a deal for Miramax if buyers do not come up with a $40 million down payment.

FT: US states face large deficits as the federal government takes away support.

FT: China banks may face huge losses on loans to states in the country.

Edited July 27, 2010 by Lord Infamous

[IndigoSkies 168]

Thank you for this great service. I learned a lot.

[웃 910]

Media Digest (7/29/2010)

Reuters: BP plc’s (NYSE: BP) new CEO called the spill a “wake up call” for the oil industry. Reuters: The IMF backed down on its comments about the yuan’s value.

Reuters: Google Inc. (NASDAQ: GOOG) is in talks to build a Facebook competitor.

Reuters: Hackers received information about how to listen in on cellphone calls.

Reuters: Apple Inc (NASDAQ: AAPL) unveiled a new line of Mac desktops.

Reuters: Walt Disney (NYSE: DIS) will buy social game company Playdom.

Reuters: Goldman Sachs Group (NYSE: GS) and Credit Suisse (NYSE: CS) bought into a Moscow bank.

WSJ: Businesses in Central and Eastern Europe are troubled by foreign currency debt.

WSJ: Very few assets of the “old” GM have been sold.

WSJ: BP talked about its plan to rebuild the company.

WSJ: Telephonica has raised its offer for a stake in Brazil’s Vivo Participacoe

WSJ: ArcelorMittal showed a profit.

WSJ: Public employees get better benefits than private ones.

WSJ: Improved earnings have not allayed consumer fears about the economy.

WSJ: LG Electronics profits fell.

WSJ: A telecom alliance will set up an applications business to compete with Apple’s (NASDAQ: AAPL).

WSJ: Mobile TV has struggled.

WSJ: Home prices moved up in May, but the improvement may be temporary.

WSJ: Consumer confidence fell earlier this month.

WSJ: BP plc may be able to shave $10 billion off its US tax budget

WSJ: A new bill in Congress would increase caps on the liabilities for energy spills

WSJ: PepsiCo (NYSE: PEP) is trying to increase demand for Quaker Oats.

WSJ: GM will have an initial price of $41,000 for its new Volt electric car.

WSJ: The Continental (NYSE: CAL)) merger with UAL (NYSE: UAUA) has moved closer to closing.

WSJ: GameStop will buy online games distributor Kongregate.

WSJ: DreamWorks Animation profits dropped.

WSJ: Canon’s profits rose.

WSJ: China’s sovereign wealth fund sold a stake in Morgan Stanley (NYSE: MS) probably to get its ownership under 10%.

WSJ: China is worried about billions of dollars in local government loans

WSJ: Moody’s upped its rating on E*Trade (NASDAQ: ETFC).

NYT: Oil on the surface of the Gulf is dissipating faster than projected.

NYT: Utilities have developed batteries to store off-again, on-again power from wind turbines.

Bloomberg; Germany’s short work policy which cut employee hours helped soften the blow of unemployment.

[IndigoSkies 168]

Again. I learned so much more. How does one begin to thank you...

[웃 910]

Media Digest (7/29/2010)

Reuters: The Fed Beige Book says some regions see economic slowing.

Reuters: The China People's Daily ran an editorial which encourages the US to take account of China's rising power.

Reuters: Amazon.com (NASDAQ: AMZN) launched a $130 Kindle.

Reuters: Research In Motion (NASDAQ: RIMM) stock moved up as it readied a new device.

Reuters: California Pizza Kitchen (OTC: CPKI) got bids from PE firms.

Reuters: Avis (NYSE: CAR) has topped Hertz (NYSE: HTZ) in a bid to buy Dollar Thrifty for $1.33 billion.

Reuters: Sanofi-Aventis will make a formal bid for Genzyme

WSJ: Americans are making fewer doctor visits.

WSJ: Major US companies including Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG) are lobbying EU nations to improve privacy rules so that they can offer remote computing.

WSJ: Goldman Sachs Group (NYSE: GS) has banned swearing in e-mails.

WSJ: Banks are being solicited by tech firms to help identify accounts that are overdrawn.

WSJ: Sony (NYSE: SNE) made a profit in the last quarter.

WSJ: Walmart (NYSE: WMT) faces a fashion crisis as it works to find its "style"

WSJ: Japan has ordered Apple Inc. (NASDAQ: AAPL) to explain problems with the iPod

WSJ: Layoffs in the construction industry continue to raise California unemployment.

WSJ: China is faced with large industrial accidents which indicate poor safety control.

WSJ: VCs with large numbers of investments have trouble sitting on the boards of their companies.

WSJ: The cost of 3D software is dropping.

WSJ: The Industrial & Commercial Bank of China plans a $6.6 billion rights offering.

WSJ: McDonald's (NYSE: MCD) will raise $750 million.

NYT: Russia will sell stakes in state-owned companies to raise money for its treasury.

NYT: Microlending is increasing as banks withdraw credit.

FT: Research shows climate change is hard to refute.

FT: Citigoup (NYSE: C) will launch a retail operation which targets the wealthy.

Bloomberg: BP plc may sell Venezuela assets in its Russian joint venture.

Read more: Media Digest (7/29/2010) Reuters, WSJ, NYTimes, FT, Bloomberg - 24/7 Wall St. http://247wallst.com.../#ixzz0v51d4A00

Edited July 29, 2010 by Lord Infamous