Media
Media Digest 7/14/2020 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: The financial reform bill should pass within days.
Reuters: Intel (NYSE: INTC) posted stronger than expected earnings.
Reuters: Toyota Motor (NYSE: TM) blamed driver error for some problems with recalled cars.
Reuters: GlaxoSmithKline (NYSE: GSK) will settle claims over Avandia effects for $400 million just as the FDA votes about whether to withdraw the drug.Reuters: Apple Inc’s (NASDAQ: AAPL) stock dropped over concerns about the iPhone 4.
Reuters: Ebay (NASDAQ: EBAY) was served with a patent suit from its PayPal unit.
Reuters: Nokia (NYSE: NOK) may buy Motorola’s (NYSE: MOT) telecom equipment unit.
WSJ: The Federal Reserve sees slower growth.
WSJ: Major business groups plan to confront Obama over tax plans and other programs that could hurt margins.
WSJ: An appellate could struck down a FCC obscenity rulings.
WSJ: BP plc (NYSE: BP) may be reaching a point where the oil leak is contained and it can concentrate on clean-up
WSJ: The US trade GAP widened.
WSJ: FedEx (NYSE: FDX) is counting on Boeing (NYSE: BA) 777s to improve its efficiency.
WSJ: The Congressional Oversight Panel said smaller banks may be unable to boost lending because they are trapped by TARP loans.
WSJ: A panel investigating the BP spill questioned the Administration’s moratorium on drilling.
WSJ: A Fed study showed that investors are taking on more risk.
WSJ: More CEOs are unemployed.
WSJ: BMW raised its sales outlook.
WSJ: Northrup Grumman (NYSE: NOC) may sell its naval business.
WSJ: Time Warner Cable (NYSE: TWC) plans to attack Verizon (NYSE: VZ) FiOS
WSJ: A federal squeeze on tech spending is hurting companies such as IBM (NYSE: IBM) and Accenture (NYSE:ACN).
WSJ: The head of HSBC (NYSE: HBC) says the financial crisis is not over yet.
WSJ: PIMCO is cutting its exposure in Europe.
WSJ: Citigroup (NYSE: C) will sell its private equity assets.
WSJ: Goldman Sachs Group (NYSE: GS) and Morgan Stanley (NYSE: MS) may have weak quarters.
FT: Senators questioned BP’s links to Libya.
FT: China imports increased the US trade gap.
FT: The CEO of GE (NYSE: GE) backtracked on comments critical of China.
FT: The Eurozone crisis fund expects high rating from the ratings agencies.
FT: Illinois will try to raise $900 million.
Bloomberg: Germany may benefit from bailing out weak neighbors.
Bloomberg: BP plc will delay testing is well solution until the US approves it.
Bloomberg: Goldman Sachs showed the SEC that it gets good returns for IPO clients.
Bloomberg: Seventy percent of Americans think the country is still in a recession. Many believe that the nation is in a fight over increasing employment and decreasing the budget deficit.
Bloomberg: The Chamber of Commerce asked Obama to make tax cuts.
Douglas A. McIntyre
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