Media
Media Digest 7/24/2009 Reuters, WSJ, NYTimes, FT. Bloomberg
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Reuters: Microsoft’s (MSFT) results and forecast were weak.
Reuters: CIT (CIT) may sell its aviation finance business.
Reuters: Fatigue at the Fed is leading to questions about its expanded role.
Reuters: Twitter will pitch add-on tools to businesses.
Reuters: Vodafone (VOD) stuck to its full-year forecast.
Reuters: Amex (AXP) and Capital One (COP) had large cars losses.
Reuters: Now that Merck (MRK) is buying Medares (MEDX), investors want to know which biotech deal is next.
WSJ: The Fed unveiled rules to protect borrowers.
WSJ: Oil moved above $67.
WSJ: Defense firms say their business is solid.
WSJ: The New York Times (NYT) said it would push cost cuts and sell off some businesses.
WSJ: Amazon (AMZN) was hit by weak video game sales.
WSJ: The AP will monitor online use of its content.
WSJ: California will have more budget problems next year.
WSJ: The bad US economy has created a risk of deflation around the world.
WSJ: The Bank for International Settlements said the withdrawal of large bank activity from global markets is risky.
WSJ: GM said the number of bidders for Opel is narrowing.
WSJ: UPS (UPS) said the future would be tough.
WSJ: Large advertising firms said their business has bottomed.
WSJ: NetFlix (NFLX) added more new subscribers.
NYT: Jobless checks are being held in some states with troubled finances.
NYT: Sales of Tamiflu helped Roche results.
NYT: Home sales rose for the third month in June.
FT: Citigroup (C) asked a Fannie Mae (FNM) director to join its board.
FT: Fortress plans to go on a buying spree.
Bloomberg: JPMorgan (JPM) increased some banker salaries for next year.
Douglas A. McIntyre
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