Media

Media Digest 8/23/2010

Reuters:   Kenneth Feinberg took over the BP plc $20 billion escrow account.

Reuters:   Americans are confused about healthcare reform according to a new poll

Reuters:   Sinochem approached Potash (NYSE: POT) about countering its BHP (BHP) bid.

Reuters:   ILFC, a unit of American International Group (NYSE: AIG), repaid the government $4 billion.

Reuters:   Oil and the dollar moved up.

Reuters:   Blackstone (NYSE: BX) and Great Eagle entered a deal in China to build high-end apartments.

Reuters:   Kuwait and Qatar put money into the China AgBank IPO.

WSJ:   More US cities are privatizing assets.

WSJ:   Wall St. may have to cut jobs as financial reform comes into place.

WSJ:   Credit card rates are moving up.

WSJ:   New rules will give investors more say in elections of boards.

WSJ:   The US may overhaul as many as 26 tech programs worth $30 billion.

WSJ:   Mortgage fraud is rising.

WSJ:   Large public companies are considering options for their cash.

WSJ:   Studios are struggling to replace DVD sales with new forms of digital delivery.

WSJ:   A slowing market and volatile economic news may trigger more job cuts.

WSJ:   Bankers are selling 100-year bonds.

WSJ:   Housing numbers are likely to stay very weak.

WSJ:   Coffee bean prices are up.

WSJ:   A large number of IPOs is causing a jam to get them to market.

WSJ:  Values of stocks and bonds are being artificially affected by the Fed.

NYT:   Homeowners may not be able to use their houses to build wealth for some time.

NYT:   Members of Congress are  studying a bid from China’s Hauwei to supply telecom equipment to Sprint-Nextel (NYSE: S).

NYT:   Sony (NYSE: S) is upping its gamble on web TV.

NYT:   Dish Network (NASAQ: DISH) is offering more of its content online.

FT:   BHP Billiton (NYSE: BHP) is trying to lobby Canada on the benefits of its Potash (NYSE: POT) bid.

FT:   HSBC: HBC) is close to ownership of part of Nedbank.

FT:   Some brokers may be fined over their role in the “flash crash” that took markets down sharply.

FT:   App sales may be larger that voice revenue by 2013.

Bloomberg:   A rally in the UK pound is likely to be hurt as government budget cuts hurt economic growth.

Bloomberg:   A former head of the IMF says the Fed should sharply raise interest rates to prevent bubbles.

Bloomberg:   Boeing (NYSE: BA) will compete with Lockheed Martin (NYSE: LMT) over a $10 billion missile shield deal.

Bloomberg:   The price of commodities stocks has kept the S&P 500 up this quarter.

Bloomberg:   Sinopec (NYSE: SNP) margins are being hurt by the falling price in oil.

Bloomberg:   The housing slide could push the US back into recession.

Douglas A. McIntyre

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