Media
Media Digest 12/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Merger activity will grow slowly in 2010.
Reuters: Bank of America’s new CEO said he would focus on execution.
Reuters: Profits at RIM (NASDAQ:RIMM) topped forecasts.
Reuters: Oracle (NASDAQ:ORCL) posed a surprise rise in sales.
Reuters: Kraft (NYSE:KFT) lender Barclays (NYSE:BCS) suspended research coverage of Cadbury (NYSE:CBY)
Reuters: Fedex’s (NYSE:FDX) forecast disappointed Wall St.
WSJ: Regulators are fighting over control of the banking industry.
WSJ: Infighting about TARP came to the surface as Citigroup (NYSE:C) and Bank of America (NYSE:BAC) left the program.
WSJ: Palm (NASDAQ:PALM) posted a loss.
WSJ: TV makers like Sony (NYSE:SNE) are gambling on 3D TV in the home.
WSJ: News Corp (NYSE:NWS) is fighting Time Warner Cable (NYSE:TWC) to get fees for carrying channels like Fox.
WSJ: Take-Two’s (NASDAQ:TTWO) loss widened and Icahn took and 11% stake.
WSJ: The number of homes that had electricity shut off due to non-payment rose this year.
WSJ: Intel (NASDAQ:INTC) will release new chips that will pressure AMD ((NYSE:AMD) and Nvidia (NASDAQ:NVDA).
WSJ: China stores are avoiding sharp holiday discounts.
WSJ: China said a link-up of the iron ore operations of Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE:BHP) would threaten to raise steel prices.
WSJ: GM is in better shape than the government expected.
WSJ: OPEC will keep production steady.
WSJ: Securities regulators are investigating private dissemination of Wall St. research.
WSJ: Meredith Whitney cut earnings forecasts for Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS).
NYT: Foreign investors trying to buy US industrial assets are facing blocks from the government.
NYT: Mobile phones are becoming essential for holiday shopping.
NYT: Google (NASDAQ:GOOG) may buy Yelp which reviews local businesses.
FT: Activists are targeting CEO succession.
FT: Ryainair cut off talks with Boeing (NYSE:BA) about buying 200 planes.
Bloomberg: Pimco is increasing its cash holdings to highest level since Lehman collapse.
Douglas A. McIntyre
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