Media
Media Digest (8/27/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Bernanke may admit the economy is weak but not five details of the Fed’s plans.
Reuters: Hewlett-Packard (NYSE: HPQ) outbid Dell (NASDAQ: DELL) for 3Par (NYSE: PAR) by offering $27 a share for the storage company.
Reuters: Toyota Motor (NYSE: TM) will recall more than 1.1 million more cars.
Reuters: US growth will probably be revised down due to inventories and trade.
Reuters: The FDA tied chicken feed to the salmonella outbreak in eggs.
Reuters: India says a trial solution for Research In Motion’s (NASDAQ: RIMM) BlackBerry will be tested.
Reuters: Google Inc (NASDAQ: GOOG) launched a real-time search site.
Reuters: Wireless prices are falling because of competition.
Reuters: Berkshire Hathaway (NYSE: BRK.B) may buy all of vice chairman Munger’s Wesco stake.
Reuters: Manulife and Ace may be bidders for NY Life Asia operations.
WSJ: Boeing (NYSE: BA) will delay the launch of its Dreamliner until October 2011.
WSJ: Johnson & Johnson (NYSE: JNJ) is recalling hip implants.
WSJ: A review of a Roche cancer drug was rejected.
WSJ: Carl Icahn reduced his stake in Motorola (NYSE: MOT)
WSJ: Companies with weak balance sheets may be in trouble as they add debt.
WSJ: State Street (NYSE: STT) and BlackRock will manage a $6 billion UAW fund.
WSJ: Mark Hurd will sell his shares in HP.
WSJ: ArcSight has put itself up for sale and Oracle (NASDAQ: ORCL) may be a bidder.
WSJ: States are trying to get their workers to pay more for healthcare benefits
WSJ: AMR (NYSE: AMR) will fight a planned fine by the FAA.
WSJ: Geely’s plans for Volvo have begun to become public.
WSJ: Bain is expected to buy Air Medical Group.
WSJ: Hyundai sales in China are likely to pass those in its home market of South Korea.
WSJ: Ford Motor (NYSE: F) will launch new models in India.
WSJ: Novartis acquired 77% of Alcon.
WSJ: Sony (NYSE: SNE) says it has no plans to increase LCD forecasts due to yen strength and a slowing US market.
WSJ: Sands China may delay a casino project.
NYT: Wind turbine projects are being resisted by the Defense Department because of radar disruptions.
NYT: GPS may be used to land planes.
FT: The SEC says it will bring more enforcement actions because of trouble caused by the credit crisis.
FT: The BHP Billiton (NYSE: BHP) bid for Potash (NYSE: POT) faces trouble from a potash cartel.
Bloomberg: Boeing will delay the Dreamliner because of trouble with Rolls Royce engines.
Bloomberg: Ben Bernanke and ECU head Trichet may disagree over programs to help the economy.
Bloomberg: Nokia’s (NYSE: NOK) credit rating may be cut.
Bloomberg: PetroChina (NYSE: PTR) said it would press global expansion.
Douglas A. McIntyre
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