Media

Media Digest 2/19/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Fed will try to calm the markets after it raised the discount rate to .75%.

Reuters:   The head of Toyota (TM) will go to Congress to testify.

Reuters:   The Fed’s action helped the dollar but hurt commodities.

Reuters:   Major US retailers are in a fight for market share as Macy’s (M), J.C. Penney (JCP), and Saks (SKS) try to take business from Nordstom (JWN) and Kohl’s

Reuters:   The Administration’s financial reform bill will go to the Senate.

Reuters:   Dell (DELL) missed numbers and its shares fell.

WSJ:   The investigation into Google (GOOG) cyberattcks is focused on whether schools were involved.

WSJ:   Schlumberger (SLB) may buy Smith International (SII).

WSJ:   The IMF urged emerging markets to use capital controls to prevent bubbles.

WSJ:   Greece will offer bonds, and the sale will indicate the market’s view of the nation’s finances.

WSJ:   Wal-Mart (WMT) expects soft sales this year.

WSJ:   P&G (PG) will release a large number of products this year to increase market share and sales.

WSJ:   Google defended its deal in court with book publishers.

WSJ:   Regulators blessed a deal for Microsoft (MSFT) and Yahoo! (YHOO) to merge their search engine operations.

WSJ:   Regulators approved Google as an electricity provider.

WSJ:   The FCC outlined some plans for broadband expansion.

WSJ:   Financial problems at US states could go on for years.

NYT:   Two Chinese schools were tied to the Google cyberattack.

NYT:   The Fed move on the discount rate may hurt bank profits.

NYT:   The weak economy and rising healthcare costs may lead to higher insurance rates.

FT:   Boeing (BA) will try to overtake Airbus in plane sales with its new 787 and 747-8.

Bloomberg:   Nestle says its sales growth will pick up this year.

Douglas A. McIntyre

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