Media Digest (9/3/2010) Reuters, WSJ, NYTimes, FT, Bloomerg

Media

Published: September 3, 2010 3:52 am

Last Updated: September 3, 2010 5:47 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Reuters: China has approached a Canadian fund about a rival bid for Potash (NYSE: POT)

Reuters: The cost of Gulf clean-up hit $8 billion.

Reuters: China said that its $2.45 trillion currency holdings was mostly in dollars and said it may have to depreciate part of the value of the fund.

Reuters: The White House said that no second stimulus is being considered.

Reuters: One Senator said food safety was a priority for the body.

Reuters: Google Inc (NASDAQ: GOOG) is preparing a music download business to compete with Apple Inc. (NASDAQ: AAPL).

Reuters: Netflix (NASDAQ: NFLX) may get new growth due to its relationship with Apple.

Reuters: Verizon (NYSE: VZ) will offer prepaid options for cellphones.

Reuters: Hewlett-Packard (NYSE: HPQ) won the bidding for 3PAR (NYSE: PAR) and paid $2.4 billion, topping a bid by Dell Inc. (NASDAQ: DELL).

WSJ: Toshiba will launch a new tablet PC.

WSJ: Roche has created a cost-cutting plan.

WSJ: The Treasury must decide how many large foreign investors it will allow to put money into GM.

WSJ: Retailers had a modest uptick in August sales.

WSJ: Workers carried a bigger burden of healthcare costs last year.

WSJ: Samsung launched an Apple Inc iPad rival.

WSJ: Aol (NYSE: AOL) widened its relationship with Google Inc.

WSJ: Baidu (NASDAQ: BIDU) started an app store.

WSJ: The European Central Bank raised its growth forecasts for the year.

WSJ: 3G Capital Management bought Burger King (NYSE: BKC) for $3.3 billion.

WSJ: GM, Ford Motor (NYSE: F) and Toyota (NYSE: TM) posted sales gains in China.

WSJ: Avis (NYSE: CAR) raised its bid for Dollar Thrifty (NYSE: DTG).

WSJ: Walt Disney (NYSE: DIS) and Time Warner (NYSE: TWC) reached a deal on content carriage fees.

WSJ: Average mortgage rates hit another new low.

NYT: BP plc says limits on Gulf drilling will hurt its oil spill payouts.

NYT: Google’s YouTube should bring in $450 million in revenue this year, most of which will be from advertising.

NYT: A strong yen has helped German exports.

NYT: Theong yen will cripple Toyota Motor profits.

NYT: Putin extended a ban on grain exports.

FT: There is growing anxiety about food shortages around the world.

FT: Foreign companies are up against unreasonable rules in China, according to the European Chamber of Commerce.

Bloomberg: The EU may limits naked shorting and shorting of government debt.

Douglas A. McIntyre

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.