Media
Media Digest 8/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: India officials met over a decision about whether to ban certain services of the Research In Motion (NYSE: RIMM) BlackBerry.
Reuters: GM put together a $5 billion bank facility and will probably file for an IPO late this week.
Reuters: Cisco (NYSE: CSCO) said the economy was uncertain and missed revenue estimates.
Reuters: The US bailouts helped foreign banks which should have gotten some money from their own governments, the Congressional Oversight Panel said.
Reuters: Japan says the Apple Inc (NASDAQ: AAPL) has taken care of overheating iPod problems.
Reuters: Research from the Pew Internet & American Life Project says many Americans do not care about a government program to create a faster internet.
Reuters: IBM (NYSE: IBM) settled disagreements with Oracle (NASDAQ: ORCL) about executives hired by one firm from the other.
Reuters: Germany will monitor the Google Inc. NASDAQ: GOOG) “Street View.”
Reuters: American International Group (NYSE: AIG) has begun to talk to investors about an AIA IPO.
Reuters: Fortress will buy most of AIG’s consumer finance unit.
Reuters: Visteon is in talks to get financing to exit Chapter 11.
WSJ: Barnes & Noble (NYSE: BKS) will settle a proxy fight with Ron Burkle.
WSJ: Former employees of firms in Chapter 11 have begun to fight for benefits.
WSJ: The National Association of Realtors said that a government buyer’s credit helped real estate prices in the second half
WSJ: China orders banks which have repackaged loans to put them back on their balance sheets
WSJ: A Wall Street Journal study showed that Americans are more pessimistic about the economy and Afghanistan.
WSJ: Some municipalities are selling rights to their water supplies.
WSJ: The BOE cuts its economic forecasts.
WSJ: The trade gap caused lawmakers to criticize China.
WSJ: The repairs to a Genzyme plant will take longer than expected.
WSJ: AT&T (NYSE: T) said it sees good results from a Google Inc. (NASDAQ: GOOG) and Verizon (NYSE: VZ) plan for net neutrality.
WSJ: Google will sell ads for DirecTV.
WSJ: Investors are bailing out of the euro.
WSJ: China Citic Bank will raise $3.8 billion.
WSJ: A study shows that CEOs often try to put a good spin on bad results when quarterly numbers are issued, according to data from the Stanford Graduate School of Business and the Stanford Rock Center for Corporate Governance.
NYT: the American Bankers Association says lenders wrote off as uncollectible $11.1 billion in home equity loans and $19.9 billion in home equity lines of credit in 2009, more than they wrote off on primary mortgages.
NYT: The US will give more aid to jobless homeowners.
FT: China’s economy continued to slow in July.
FT: BP plc (NYSE: BP) US earnings will secure its $20 billion escrow.
FT: Hedge funds are buying more US Treasuries.
Bloomberg: GM will try to sell $16 billion in stock.
Bloomberg: The Chinese are hiding $1.1 trillion in wealth.
Douglas A. McIntyre
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