Media Digest (7/29/2010) Reuters, WSJ, NYTime, FT, Bloomberg

Media

Douglas A. McIntyre

Published: July 28, 2010 4:08 am

Last Updated: July 28, 2010 5:52 am

Reuters: BP plc’s (NYSE: BP) new CEO called the spill a “wake up call” for the oil industry.

Reuters: The IMF backed down on its comments about the yuan’s value.

Reuters: Google Inc. (NASDAQ: GOOG) is in talks to build a Facebook competitor.

Reuters: Hackers received information about how to listen in on cellphone calls.

Reuters: Apple Inc (NASDAQ: AAPL) unveiled a new line of Mac desktops.

Reuters: Walt Disney (NYSE: DIS) will buy social game company Playdom.

Reuters: Goldman Sachs Group (NYSE: GS) and Credit Suisse (NYSE: CS) bought into a Moscow bank.

WSJ: Businesses in Central and Eastern Europe are troubled by foreign currency debt.

WSJ: Very few assets of the “old” GM have been sold.

WSJ: BP talked about its plan to rebuild the company.

WSJ: Telephonica has raised its offer for a stake in Brazil’s Vivo Participacoe

WSJ: ArcelorMittal showed a profit.

WSJ: Public employees get better benefits than private ones.

WSJ: Improved earnings have not allayed consumer fears about the economy.

WSJ: LG Electronics profits fell.

WSJ: A telecom alliance will set up an applications business to compete with Apple’s (NASDAQ: AAPL).

WSJ: Mobile TV has struggled.

WSJ: Home prices moved up in May, but the improvement may be temporary.

WSJ: Consumer confidence fell earlier this month.

WSJ: BP plc may be able to shave $10 billion off its US tax budget

WSJ: A new bill in Congress would increase caps on the liabilities for energy spills

WSJ: PepsiCo (NYSE: PEP) is trying to increase demand for Quaker Oats.

WSJ: GM will have an initial price of $41,000 for its new Volt electric car.

WSJ: The Continental (NYSE: CAL)) merger with UAL (NYSE: UAUA) has moved closer to closing.

WSJ: GameStop will buy online games distributor Kongregate.

WSJ: DreamWorks Animation profits dropped.

WSJ: Canon’s profits rose.

WSJ: China’s sovereign wealth fund sold a stake in Morgan Stanley (NYSE: MS) probably to get its ownership under 10%.

WSJ: China is worried about billions of dollars in local government loans

WSJ: Moody’s upped its rating on E*Trade (NASDAQ: ETFC).

NYT: Oil on the surface of the Gulf is dissipating faster than projected.

NYT: Utilities have developed batteries to store off-again, on-again power from wind turbines.

Bloomberg; Germany’s short work policy which cut employee hours helped soften the blow of unemployment.

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.