Media
Media Digest (10/21/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: China is having trouble managing supply and demand.
Reuters: Geithner said the core programs of the TARP are ending.
Reuters: Yahoo! (NASDAQ:YHOO) tripled it profits.
Reuters: Sun Microsystems (NASDAQ:JAVA) will cut 3,000 jobs due to delays in the Oracle (NASDAQ:ORCL) buyout of the company.
Reuters: The SEC is looking for ways to make dark pools of money more transparent.
Reuters: The Fed’s Yellen said there will be no tightening in the next several months.
Reuters: Bank of America (NYSE:BAC) may have known of Merrill Lynch losses as early as November.
Reuters: The special inspector general for the U.S. Treasury’s Troubled Asset Relief Program said the U.S. government’s $700 billion financial bailout program has increased moral hazard in the markets by infusing capital into banks that caused the financial crisis.
WSJ: Businesses that sell to corporations say that their sales are looking up.
WSJ: The head of the Bank of England said that breaking up the largest banks may be necessary to protect the financial system.
WSJ: Deutsche Bank’s (NYSE:DB) profits were up.
WSJ: Cadbury raised financial forecasts.
WSJ: California sued State Street (NYSE:STT) over management of some of the state’s large pension funds.
WSJ: Casino gambling receipts in Macau rose 23% in the third quarter to $3.8 billion.
WSJ: Bonuses for UK bankers will be up 50%.
WSJ: Apple (NASDAQ;AAPL) updated its iMac line.
WSJ: Housing starts rose less than expected.
WSJ: The owners of the New York Mets made money on Madoff.
WSJ: Boeing (NYSE:BA) is still a risky investment.
WSJ: More retailers including Target (NYSE:TGT) and Macy’s (NYSE:M) are offering free shipping for the holidays.
WSJ: Disney (NYSE:DIS) is developing ways to replace DVDs with digital products.
WSJ: MGM Mirage (NYSE:MGM) will take write downs on its huge Las Vegas project.
WSJ: Some cable carriers may set up pay-as-you-go access to the internet.
NYT: Volker believes that giant banks should be broken apart but few in the Administration agree.
NYT: Rising debt is a threat to the economy in Japan.
NYT: Credit Suisse (NYSE:CS) is cracking down on compensation.
NYT: Only 20% of car buyers are sticking with their earlier brand.
FT: The US is suffering set-backs in plans to regulate oil speculation.
FT: US companies are producing an upbeat start to earnings season.
FT: Barnes & Noble (NYSE:BKS) launched it e-reader.
FT: Neil Barofsky, the special inspector general for the $700 billion government bailout fund, threatened to subpoena documents from the administration.
Bloomberg: JPMorgan (NYSE:JPM) is leading Goldman Sachs (NYSE:GS) in advising on mergers for the first time since 2000.
Douglas A. McIntyre
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