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