Media
Media Digest 3/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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Last Updated:
Reuters: Peabody Energy made a bid for Australia’s Macarthur Coal.
Reuters: Some Yahoo! (YHOO )email accounts were hacked in China and Taiwan.
Reuters: Japan export orders hit a six-year high.
Reuters: OPEC is undecided on what it will do if oil moves from $70 to $80.
Reuters: Exxon Mobil (XOM) says that XTO will not help its earnings for years.
Reuters: The Fed’s Fisher says the US recovery in on solid ground.
WSJ: The government will shut down facilities which have driven one of the great bond rallies which has helped investors put money into risky offerings.
WSJ: An insider trading charge against a Deutsche Bank employee will test the limits of the SEC’s powers.
WSJ: BP (BP) will make investment that could revive the Iraq oil industry.
WSJ: AT&T (T) is trying to improve its 3G network as Verizon (VZ) is likely to sell the Apple (AAPL) iPhone.
WSJ: Redwood Trust is trying to offer bond backed by mortgages and without federal help.
WSJ: Google (GOOG) says it ran into China’s “great firewall.”
WSJ: The Bank of Ireland will raise money to shore up its financials.
WSJ: Toyota (TM) is building its quality effort.
WSJ: Bharti will buy Zain for $9 billion.
WSJ: The launch of the Apple (AAPL) iPad will keep software developers focused on the App store.
WSJ: Obama will open the Gulf to more oil drilling.
WSJ: China will launch a trial plan for short selling and buying on margin.
WSJ: Commercial real estate prices are making a modest comeback.
WSJ: BHP-Billiton (BHP) replaced year-long ore prices deals with ones of shorter duration.
WSJ: Nissan’s electric car will sell for about $32,000.
WSJ: Johnson & Johnson (JNJ) got an offer for its breast cancer unit.
WSJ: Intel (INTC) launched a new chip for big servers.
WSJ: McDonald’s (MCD) will double its stores in China to 2000 by 2013.
NYT: The use of cholesterol drugs in healthy people may have risks.
NYT: Oil prices are high enough to help exploration but low enough to help the economy.
NYT: Biotech stocks were hurt by a court decision invalidating two gene patents.
NYT: Ford (F) is gaining ground is Asia by selling smaller cars.
NYT: Microsoft (MSFT), Google (GOOG) and other large internet companies are trying to keep information they have private from the federal government.
NYT: The cost of Greek bonds was effected by fears that its deficit crisis is not over.
NYT: Yahoo! (YHOO) is hiring journalists to offer more original content.
NYT: Volcker is optimistic about financial reform this year.
FT: Banks will take advantage for new iron ore trading rules that could raise swaps to $200 billion by 2020 from $300 million this year..
FT: The Primerica spin-off could net Citigroup (C) $250 million.
FT: China was invited to join the International Energy Agency
FT: The head of Kraft (KFT) got a 41% pay increase.
Bloomberg: Ireland’s banks will need $43 billion in new capital.
Bloomberg: Greece may have to pay $17 billion more interest compared to German bond levels if rates had stayed at pre-crisis levels.
Bloomberg: Google (GOOG) is being hurt by lower growth, regulatory scrutiny, and shifts in ad spending.
Douglas A. McIntyre
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