Media Digest 8/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: August 17, 2009 4:03 am

Last Updated: April 28, 2020 1:26 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

newspaper Reuters: China Investment Corp will put $2 billion into US mortgages.

Reuters: The US pay czar says be can “claw back” executive compensation.

Reuters: Japan is pulling out of its recession.

Reuters: China will appeal a WTO ruling on entertainment imports.

Reuters: Chrysler will make a Fiat in Mexico.

Reuters: UBS (UBS) will name 5,000 account holders under its deal with the US.

Reuters: Regulators want bids for Guaranty Financial Group today.

Reuters: Toyota (TM) will end output at a GM plant next year.

Reuters: Porsche and VW may merge before 2011.

WSJ: The UBS tax crackdown has moved to Hong Kong.

WSJ: NY State will sue Schwab (SCHW) over sales of auction rate securities to its clients.

WSJ: The FDIC is facing bank failures of financial firms which are worse off than those during the S&L crisis.

WSJ: The chances that Obama’s health care reform will be passed are getting worse.

WSJ: Indian outsourcing firms are targeting Japan.

WSJ: The use of 3D is heading toward the home TV.

WSJ: Airlines are worried that they will not be helped much by the recovery.

WSJ: There are a number of roadblocks to the DJIA rising further now that it is up 42%

WSJ: Home improvement stocks may underperform the market.

WSJ: China may pass laws regulating local currency private equity firms just as Blackstone (BX) enters the market.

WSJ: The Administration is revamping Fannie Mae (FNM) and Freddie Mac (FRE) with a new model.

WSJ: The site FT.com may be a model for other sites that want readers to pay for content.

WSJ: News Corp’s (NWS) Fox Business may sign Don Imus to be its morning host.

FT: Financial results from EU businesses are trailing those in the US and UK

Bloomberg: More commodities traders are earning $1 million bonuses on moves in oil and copper.

Douglas A. McIntyre

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.