Media
Media Digest 7.27.2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) posted good earnings.
Reuters: The EU opened antitrust investigations into IBM (NYSE: IBM)
Reuters: Ask.com, owned by IACI (NASDAQ: IACI), will use humans to screen results.
Reuters: Yahoo! Japan will use the Google Inc (NASDAQ: GOOG) search engine.
Reuters: Google In.c has launched a government version of its softwareReuters: Genzyme may take a bid to buy the company from Sanofi Aventis.
WSJ: Larry Ellison of Oracle (NASDAQ: ORCL) was the highest paid CEO of the last decade earning more than $1.84 billion.
WSJ: Congress and others are battling over whether the Obama stimulus package helped the economy or hurt it.
WSJ: The supply of existing homes is probably still growing.
WSJ: The IMF said the yuan is undervalued.
WSJ: China is having trouble selling products outside the country using its own brands.
WSJ: SAP (NYSE: SAP) raised its sales outlook.
WSJ: FedEx (NYSE: FDX) raised its earnings outlook.
WSJ: The National Conference of State Legislatures says state tax collections should rise.
WSJ: The US Chamber of Commerce says China is causing trade tensions.
WSJ: Carl Icahn sued Lions Gate as part of his takeover bid.
WSJ: A federal court approved “jail breaking” of Apple Inc. (NASDAQ: AAPL) iPhone software to download non-approved applications.
WSJ: Most EU nations, excluding Germany, have agreed on new rules to keep banks from taking too much risk.
WSJ: Wall St firms are paying settlements on their sales of muni bonds as safe investments.
WSJ: Lenders to corporations during the credit crisis did better than those in past recessions.
WSJ: Short selling fell on the NYSE.
NYT: Low orders by retailers are moving up shipping costs.
NYT: Nike (NYSE: NKE) will support workers in impoverished Honduras.
NYT: New rules in Europe would cause banks to keep higher capital reserves.
NYT: Walt Disney (NYSE: DIS) will kill a deal for Miramax if buyers do not come up with a $40 million down payment.
FT: US states face large deficits as the federal government takes away support.
FT: China banks may face huge losses on loans to states in the country.
Douglas A. McIntyre
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