Investing
Media Digest (8/6/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Romer left her job as a top Obama economic adviser.
Reuters: BP plc (NYSE: BP) has cemented its leak in advance of a permanent plug.
Reuters: Saudi Arabia continued talks with Research In Motion (NASDAQ: RIMM) about a ban of the BlackBerry in that country.
Reuters: Wheat hit a 23-month high as Russia banned exports.
Reuters: Oil moved above $82.
Reuters: Facebook and other social media cost the UK billions as people use the services at work.
Reuters: GM is working on an IPO but it is not ready.
Reuters: China’s CNOOC may bid for BP’s Argentine assets.
WSJ: Another “flash crash” could happen because of complexity and fragility in the system of computer-traded stocks.
WSJ: Bank of American (NYSE: BAC) wants to be free of confidential restrictions put on it during the credit crisis.
WSJ: The electronics industry is suffering from a parts shortage.
WSJ: The FCC may end private talks with cable, wireless and wireline companies over net neutrality.
WSJ: Fannie Mae’s quarterly loss was the smallest in three years.
WSJ: Cell phone ads are still not using the entire screen because of concern about customer reaction.
WSJ: OSHA will not ban the use of flammable natural gas to clear pipes.
WSJ: Massey may not have properly used methane detectors before its mine tragedy.
WSJ: The ECB purchase of national debt may have hurt its credibility.
WSJ: Greece met its austerity targets.
WSJ: Retail chains have been hurt by slow summer sales.
WSJ: The US guaranteed a Fort Motor (NYSE: F) export loan.
WSJ: Honda Motor (NYSE: HMC) predicts that the yuan will weaken.
WSJ: US companies face slower earnings growth for the rest of the year.
WSJ: A China purchase of US corn may be a sign of rising agricultural exports.
NYT: GM would like the US to sell all its shares in an IPO.
NYT: Jean-Claude Trichet, head of the ECB, is more optimistic about Europe.
FT: Troubles in the US jobs market have limited investor taste for risk.
FT: GM is offering “lifetime” warranties on some Vauxhall and Opel cars.
FT: Barclays (NYSE: BCS) said if its consumer and investment banks are split it may move business overseas.
Bloomberg: The US and Canada are helping RIM to avoid bans in the Middle East.
Bloomberg: An analyst group says austerity measures will force many companies out of business.
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