Media
Media Digest 2/3/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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Last Updated:
Reuters: Volcker believes that banks should not be allowed to make risky trades.
Reuters: Toyota (NYSE:TM) sales dropped after its recall announcements.
Reuters: More US consumers are paying credit cards before mortgages.
Reuters: Bank of America (NYSE:BAC) has approved $4 billion in bonuses.
Reuters: Murdoch of News Corp (NYSE:NWS) has threatened the Amazon (NASDAQ:AMZN) $9.99 e-book pricing plan and may withdraw his publishers from the program.
WSJ: US regulators accused Toyota of dragging its feet on recalls.
WSJ: AIG (NYSE:AIG) will move ahead with bonuses after employees agreed to lower amounts.
WSJ: Obama is setting up more programs to help small business.
WSJ: Textbook companies are setting up e-book readers with Apple (NASDAQ:AAPL) for the iPad.
WSJ: Democrats will release a $80 billion jobs package.
WSJ: US home ownership rates fell.
WSJ: Abercrombie & Fitch (NYSE:ANF) faces criticisms of the style of clothes it markets as sales fall.
WSJ: Home building companies are cutting prices.
WSJ: VW hopes to unseat Toyota as the world’s largest car maker.
WSJ: The outlook for hiring is still weak.
WSJ: Genetic technology from firms like Monsanto is helping to increase the share of corn that farmers plant.
WSJ: Visa (NYSE:V) and MasterCard (NYSE:MA) did well enough during the recession that they are expanding.
WSJ: Morgan Stanley (NYSE:MS) will cut the ratio of pay to its bankers.
NYT: By June, 5.1 million people will own a home with 75% or less than their mortgage.
NYT: The Japanese government ordered Toyota to look into break problems with new versions of the Prius
NYT: Honda raised its forecasts for the year.
NYT: Fidelity cut its trading fees for discount broker customers.
FT: Bank of America (NYSE:BAC) plans to add 2,000 more brokers.
FT: “Avatar” drove a higher forecast by News Corp.
Bloomberg: Toyota’s electronics may be the cause of accelerator problems.
Bloomberg: Bank of America will pay investment bankers an average of $400,000 in bonuses.
Douglas A. McIntyre
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