Investing
Media Digest 6/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Last Updated:
Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion
Reuters: WHO declared a flu epidemic
Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill
Reuters: US is near tighter control of tobacco by FDA.
Reuters: New research shows mortgage delinquencies have bottomed
Reuters: World Bank sees a steeper global economy contraction.
Reuters: Dell (DELL) is using Twitter to improve sales.
Reuters: Retail sales and joblessness figures caused optimism.
Reuters: TARP repayments will start next week.
Reuters: The US killed the Northrop Grumman (NOC) missile defense program.
Reuters: Australia says it sees advantages to the Rio Tinto (RTP) deal with BHP Billiton (BHP).
Reuters: AIG (AIG) will use its winnings from a trial to pay back taxpayers.
Reuters: US airlines plan further capacity cuts. (DAL)(CAL)(UAUA)(LUV)(LCC)(AMR)
Reuters: Yahoo! (YHOO hired a CFO from Altera.
WSJ: The Fed is unlikely to increase its bond repurchase programs.
WSJ: The IRS may tax the use of company-issued mobile phones.
WSJ: Microsoft (MSFT) will drop its Windows browser in Europe for antitrust reasons.
WSJ: GM is close to selling Saab
WSJ: The IMF and World Bank differ on economic outlooks.
WSJ: Exxon (XOM) joined a group building at TransCanada pipeline.
WSJ: Ebay (EBAY) sees stability in the market.
WSJ: AOL (TWX) bought small local online media companies.
WSJ: Long bond sales helped stocks.
WSJ: Mortgage rates climbed passed 5.5%.
WSJ: Glaxo (GSK) is at loggerheads with Russia over HIV drugs.
NYT: The US recovery could happen faster than Europe’s.
NYT: Some experts fear China is too dependent on domestic investments.
NYT: American’s net worth dropped by $1.33 trillion in the first quarter.
FT: Boeing (BAC) trimmed its delivered output forecast.
FT: Funding cuts threatens world food aid.
Bloomberg: New lending in China doubled.
Bloomberg: Hedge funds posted large gains due to the stock rally.
Douglas A. McIntyre
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