Media
Media Digest 11/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: The value of the yuan could cause a trade war between the US and China.
Reuters: Executive pensions rose despite drops in stock prices.
Reuters: Lloyds will make a large stock offering.
Reuters: Stanley Works (NYSE:SWK) bought Black & Decker (NYSE:BDK) for $3.46 billion.
Reuters: CIT’s (NYSE:CIT) exit from bankruptcy is not clear.
Reuters: UBS (NYSE:UBS) posted a loss and wealth management clients continued to leave.
Reuters: Ford (NYSE:F) posted a surprise profit.
Reuters: Manufacturing and pending home sales both rose.
Reuters: Volker said the economy could not rely on consumer spending.
Reuters: The commercial real estate business is still in deep trouble.
WSJ: Toyota (NYSE:TM) expects a monthly sales decline.
WSJ: IllyCaffè SpA will work with local coffee shops to compete with Starbucks (NASDAQ:SBUX).
WSJ: The head of the IMF says financial firms are going back to old practices.
WSJ: Blu-ray makers are becoming more involved with web video.
WSJ: Research-in-Motion (NASDAQ:RIMM) is the focus of a number of bearish comments.
WSJ: Schwab (NASDAQ:SCHW) is making a push into ETFs.
WSJ: GM’s board will revisit the Opel sale.
WSJ: Microsoft (NASDAQ:MSFT) Office faces inexpensive versions of similar software.
WSJ: Sears (NASDAQ:SHLD) may need to get cash from its Canadian operation which presents challenges.
WSJ: Problems are beginning to appear in the financials of Chinese banks.
WSJ: Business bankruptcies rose 7% in October.
NYT: The US will allow GM to use federal money to put into Delphi.
NYT: The Supreme Court is looking at fees advisors charge mutual funds.
NYT: The Senate is pushing insurance companies on the amount of premiums they actually spend on care.
NYT: Goldman Sachs (NYSE:GS) may buy tax credits from Fannie Mae (NYSE:FNM)
FT: The Fed has asked banks to adopt it new pay rules early to cover 2009 compensation.
FT: Ebay’s (NASDAQ:EBAY) PayPal has opened doors to outside developers.
Bloomberg: The next head of Bank of America (NYSE:BAC) may be based in NYC.
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