Media
Media Digest 12/22/2009 Greece Debt Downgraded By Moody's: Reuters, WSJ, NYTimes, FT, Bloomberg
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MarketWatch: Moody’s (NYSE:MCO) downgraded Greece’s debt to A2 from A1 and said it had a negative outlook on the nation’s sovereign paper.
Reuters: The FBI is probing a cyber attack on Citigroup (NYSE:C).
Reuters: China is asking the WTO to rule on US duties on tires.
Reuters: The US mortgage industry will have trouble with new disclosure rules.
Reuters: A Chinese mining company backed out of a deal to buy a part of a US mining company when the US government objected.
Reuters: Banks with political ties got bailouts according to a new study.
Reuters: The US pay czar will allow incentives for some AIG (NYSE:AIG) executives.
Reuters: GM named Microsoft’s (NASDAQ:MSFT) CFO as head of finance at the big car company.
WSJ: A breach of Citi security by hackers, perhaps from Russia, caused the theft of millions of dollars.
WSJ: Apple (NASDAQ:AAPL) may offer online TV subscriptions. Disney (NYSE:DIS) and CBS (NYSE:CBS) are in talks with Apple.
WSJ: Stores are hoping last-minute shopping will make up for the weekend on which weather hurt sales.
WSJ: Yahoo! (NASDAQ:YHOO) will shut down for a week to save money.
WSJ: Redefault rates are hurting programs to help people with mortgage problems.
WSJ: E*Trade (NASDAQ:EFTC) appointed a new CEO.
WSJ: Altera named a new CFO from Sun Microsystems.
WSJ: Alcoa (NYSE:AA) has joined a huge Saudi metals project.
WSJ: Xerox (NYSE:XRX) and Hewlett-Packard (NYSE:HPQ) are making money on corporate printing outsourcing.
WSJ: GM will start to run assembly lines around the clock.
WSJ: Honda (NYSE:HMC) will expand in China.
WSJ: China Telecom will offer the RIM (NASDAQ:RIMM) Blackberry.
WSJ: R&D spending in the US is rebounding.
WSJ: Dubai World started talks to restructure debt.
WSJ: OPEC will probably keep oil prices steady.
NYT: A business is growing to manage better returns from search ads on Google (NASDAQ:GOOG).
NYT: The founder of Galleon pled not guilty to fraud charges.
FT: Collapsed Lehman paid out bonuses.
FT: China is moving to improve capital ratios at banks.
FT: Bankers fear what many happen to some sovereign debt in 2010.
Bloomberg: Sands China may have revenue of $5 billion.
Douglas A. McIntyre
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