Media
Media Digest 9/8/2010 Reuters, WSJ, NYT, FT, Bloomberg
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Reuters: Japan’s plan to intervene in yen trading has not moved the currency lower.
Reuters: Oil dropped as investor moved away from risk
Reuters: Hewlett-Packard (NYSE: HPQ) sued to keep Mark Hurd from joining Oracle (NASDAQ: ORCL).
Reuters: Google Inc. (NASDAQ: GOOG) will start its TV service in the US this year.
Reuters: Sinochem has approached Temasek about a bid for Potash (NYSE: POT)
Reuters: Dana turned down a KNOC offer to buy the company.
WSJ: Insurers will raise rates on some people to offset the costs of healthcare reform.
WSJ: Unilever believes that it can use algae in some of its foods.
WSJ: US companies with business abroad have flourished. Those focused on sales in the US have not.
WSJ: The SEC has examined “quote stuffing” as a part of its investigation into the “flash crash”. The practice may be fraudulent.
WSJ: The BP plc (NYSE: BP) report on the Deepwater Horizon will assign some of the blame for the catastrophe on itself but plenty on other companies.
WSJ: Web privacy firms are challenged to raise money.
WSJ: China bought more Japanese bonds in July.
WSJ: The price of the yen has raised the cost of some luxury goods in other markets, but lowered them in Japan.
WSJ: Connecticut has pressured Craigslist on prostitution ads.
WSJ: A new increase in Europe debt drove the euro down.
WSJ: The head of HSBC (NYSE: HBC) took a government job and the bank has scrambled to find a replacement.
WSJ: The Obama stimulus bill will have trouble as it goes into Congress.
WSJ: General Growth Properties will search for a new CEO.
WSJ: Bristol-Myers Squibb (NYSE: BMY) will buy biotech firm ZymoGenetic for $375 million.
WSJ: A federal court upheld an earlier decision that could delay the production of some generic drugs.
WSJ: LCD panel prices have dropped.
WSJ: Infosys said it has seen no drop in demand.
WSJ: Vodafone (NYSE: VOD) will sell its stake in China Mobile (NYSE: CHL)
WSJ: The drop in newspaper advertising slowed to 5.6% in the second quarter.
WSJ: Gold hit a new peak.
WSJ: Ireland extended more guarantees to its banks.
NYT: Amazon.com (NASDAQ: AMZN) has tried to get its sellers to make packages easier to open.
NYT: Consumer Reports has begun to rank surgeons.
FT: Obama will push $200 billion in tax write-offs for new investment.
FT: China says it will treat foreign investors fairly.
Bloomberg: Greece has still not revealed details of how it hid some of its debt.
Bloomberg: Nokia (NYSE: NOK) will show a new phone in the hopes it can compete with Apple Inc (NYSE: AAPL) and Research In Motion (NASDAQ: RIMM).
Bloomberg: A finance professor at Notre Dame says the the S&P 500 has beat the increase in IPOs in the last quarter
Douglas A. McIntyre
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