Investing
Media Digest (8/13/2012) Reuters, WSJ, NYT, FT, Bloomberg
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Last Updated:
Brent crude rises to a three-month high of $114. (Reuters)
Standard Chartered may try to settle with the government over money laundering charges. (Reuters)
Barnes & Noble Inc. (NYSE: BKS) cuts prices of its Nook tablet. (Reuters)
Samsung challenges Apple Inc. (NASDAQ: AAPL) in court over the value of some of the iPhone’s features. (Reuters)
Nelson Peltz gets a board seat at Ingersoll-Rand PLC (NYSE: IR) as he presses it to improve shareholder values. (WSJ)
Banks in Europe buy back their bonds to help improve their balance sheets. (WSJ)
Groupon Inc.’s (NASDAQ: GRPN) sales force is under relentless pressure to improve results. (WSJ)
Honda Motor Co. (NYSE: HMC) to increase production in North America. (WSJ)
Money continues to move toward safe haven U.S. investments. (WSJ)
Japan grows at an annualized pace of 1.4% in the April to June period, much less than expected. (WSJ)
Capital Research Global Investors take a 10.5% stake in NetFlix Inc. (NASDAQ: NFLX) (WSJ)
Some Italian banks want to revalue their holdings in the Bank of Italy. (WSJ)
Motorola is expected to make large cuts now that it is owned by Google Inc. (NASDAQ: GOOG). (NYT)
The Commodity Futures Trading Commission takes the lead in Libor investigations. (NYT)
Over 1.6 billion Facebook Inc. (NASDAQ: FB) shares will come out of lock-up, another challenge to its stock price. (NYT)
The head of AMR says merger talks may begin soon. (FT)
The G-20 may call a special meeting to discuss world economic problems. (FT)
The weak euro helps multinationals. (FT)
“American Idol” sets a deal with Facebook to launch a new show. (FT)
“The Bourne Legacy” wins the North America box office race with a weekend take of $40.3 million. (Bloomberg)
Douglas A. McIntyre
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