Media Digest (9/16/2010) Reuters, WSJ, NYT, FT, Bloomberg

Media

Douglas A. McIntyre

Published: September 16, 2010 3:54 am

Last Updated: September 16, 2010 5:56 am

Reuters: Japan says it is ready to move into the forex market to support the yen.

Reuters: George Soros says that China was the big winner coming out of the recession.

Reuters: The Senate could pass the small business bill this week.

Reuters: The Department of Justice dropped charges against a former Merrill broker in an Enron case.

Reuters: Microsoft (NASDAQ: MSFT) “Halo Reach” hit $200 million in sales during the first day.

Reuters: Microsoft released a new version of its web browser.

Reuters: Yahoo! (NASDAQ: YHOO) said it will not sell its stake in Alibaba.

Reuters: Potash (NYSE: POT) has begun work on a China-lead buyout to top the bid of BHP Billiton (NYSE: BHP)

WSJ: Regulators will attack “window dressing” a system banks use to improve balance sheets just before earnings.

WSJ: Western banks have trouble making money in China.

WSJ: The Chase website is still broken.

WSJ: The WTO said that Boeing (NYSE: BA) received illegal aid from the US government.

WSJ: Microsoft is upbeat on the future of its Kinect platform

WSJ: German is probing the head of Deutsche Telekom for alleged bribery.

WSJ: China’s Anshan Iron & Steel Group said it will begin to buy companies in the US.

WSJ: Research In Motion (NASDAQ: RIMM) is getting more competition from phones powered by Google’s (NASDAQ: GOOG) Android operating system.

WSJ: Sprint-Nextel (NYSE: S) says it will not buy Clearwire (NASDAQ: CLWR).

WSJ: A study by Fannie Mae shows that fewer people own homes.

WSJ: Chevron (NYSE: CVX) is near a natural gas deal in China.

WSJ: Skyhook Wireles says Google pushed it out of deals.

WSJ: According to Interbrand, the top 100 brands in the US gained 5% in value over last year.

WSJ: Large China institutions will start a hedge fund.

NYT: The payout from the BP escrow fund has been slow.

NYT: Geithner will testify that China has kept the value of the yuan at levels to improve trade.

NYT: China has begun to move from low-cost factories as it builds a middle class.

FT: Greece ruled out the chance that it would default on its debt.

FT: The US will consider ways to push the yuan higher.

FT: The EU will begin more harsh regulations of derivatives.

FT: Petrobras faces hard conditions to bring up oil in some of the regions where it has fields.

Bloomberg: Fiat and Ford (NYSE: F) both had drops in sales as Europe vehicle sales fell for a fifth month.

Bloomberg: Shares in Berkshire Hathaway (NYSE: BRK.B) hit their highest level since 2008.

Bloomberg: Nokia (NYSE: NOK) investors were not impressed with the firm’s new smartphones.

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.