Media Digest 6/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: June 21, 2010 4:02 am

Last Updated: June 21, 2010 5:54 am

Reuters: The yuan rose after China’s flexibility announcement.

Reuters: The amount of the Gulf spill could be up to 100,000 barrels a day.

Reuters: The government has no easy way out if the recovery falters.

Reuters: The UK said it could dodge the fate of Greece with an austerity budget.Reuters: The announcement on the yuan pushed oil to $79.

Reuters: Verizon (NYSE: VZ) will let customers try its FiOS service for one month with no termination fee.

WSJ: BP plc has been able to dodge some US demands by pushing back on two White Hose proposals.

WSJ: VCs are putting more money into internet security firms as person data leaks more often.

WSJ: BASF will buy Cognis for $4.1 billion.

WSJ: Manufacturers want to expand production without taking financial risk.

WSJ: Trichet urged more financial disclosure by nations in the EU.

WSJ: “Toy Story 3” brought in $109 million.

WSJ: Boeing (NYSE: BA) faces the charge that some of its pilot oxygen units are faulty.

WSJ: Honda (NYSE: HMC) was hit by another labor stoppage in China.

WSJ: JAL may need another $1.1 billion.

WSJ: Acer says it will pass Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL) as the world’s No. 1 PC firm.

WSJ: Fitch says corporate defaults have fallen to only 1%.

NYT: Federal regulators failed to act on problems that could have caused the Deepwater Horizon spill

NYT; Local stations have done little to comment on the Comcast (NASDAQ: CMCSA) deal to buy GE’s (NYSE: GE) NBCU

NYT: China’s aid to labor has not helped prevent strikes.

NYT: Special software is being used by Facebook, Yahoo! (NASDAQ: YHOO) and Google (NASDAQ: GOOG) to break down data.

FT: BP’s Hayward will try to allay the fears of his Russian partners about its finances.

FT: Amazon (NASDAQ: AMZN) will launch its online clothing business.

FT: More write-downs are expected in the CDO markets.

FT: European stress tests are raising concerns about French and German banks.

Bloomberg: Qatar will put $2.8 billion into the Agricultural Bank of China IPO.

Bloomberg: China’s holdings of US Treasuries hit $900 billion.

Bloomberg: London brokers are buying BP bonds as US firms sell them.

Douglas A. McIntyre

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.