Investing
Media Digest 7/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Published:
Last Updated:
Reuters: The House passed the financial reform bill leaving the Senate to act
Reuters: Work on the BP plc (NYSE: B) oil spill will be delayed because of Hurricane Alex.
Reuters: China’s economic growth slowed.
Reuters: Oil prices fell for the fourth day.
Reuters: The euro hit record lows against the Swiss franc.Reuters: Microsoft Corporation killed its Kin phone.
Reuters: Amazon.com (NASDAQ: AMZN) launched a less expensive Kindle.
Reuters: Google Inc.’s (NASDAQ :GOOG) operating license in China is under review.
Reuters: Amazon will buy online store Woot.
WSJ: China’s banks are trying to find a source of earnings beyond lending in the People’s Republic.
WSJ: GlaxoSmithKline (NYSE: GSK) has set up a number of small biotech units.
WSJ: Democrats on a panel set up by Obama said spending cuts would have to outweigh taxes to drop the deficit.
WSJ: Toyota (NYSE: TM) found engine problems in 270,000 cars
WSJ: Wellpoint cut back rate increases.
WSJ: Federal authorities began a crackdown on film piracy.
WSJ: Robert Benmosche, CEO of American International Group, threatened to resign again.
WSJ: Yahoo! Inc. (NASDAQ:YHOO) said it would buy back $3 billion in shares.
WSJ: Moody’s may downgrade Spain’s Aaa rating.
WSJ: The financial reform bill would cut FDIC charges for some small banks.
WSJ: JAL will ask for more funds to operate in bankruptcy.
WSJ: GM is expanding the launch of its Chevrolet Volt battery-powered car.
WSJ: The WTO condemned subsidies offered to Airbus by European nations.
WSJ: Warner Music (NYSE: WMG) and MTV will team up to market songs.
WSJ: The SEC said that pension funds may not seek political contributions from politicians that oversee them
NYT: Documents show Goldman Sachs Group put pressure on American International Group to make insurance payments.
NYT: The TARP could be phased out early.
NYT: During Q2 the DJIA was down 10% and the S&P 500 by 12%.
FT: Manufacturing growth slowed in Asia.
FT: The EU agreed to harsh guidelines for banker bonuses.
FT: BP plc is trying to raise more money.
Bloomberg: Boeing (NSYE: BA) may get a lift for its Air Force tanker bid from the WTO censure of Airbus.
Bloomberg: Apple Inc. (NASDAQ: AAPL) was sued by consumers over iPhone reception charges.
Bloomberg: Google’s Chinese plans may push more advertisers to Baidu (NASDAQ: BIDU)
Douglas A. McIntyre
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