Media
Media Digest 9/21/2010 Reuters, WSJ, NYT, FT, Bloomberg
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MarketWatch: The Chinese let the yuan rise perhaps because of pressure from the US.
Reuters: The BHP Billiton (NYSE: BHP) bid for Potash (NYSE: POT) may go into 2011 as the Australian company tries to get approval for the deal from the Canadian government.
Reuters: Obama said China has not done enough on the yuan.
Reuters: Google’s (NASDAQ: GOOG) M&A chief will set a record number of deals in 2010
Reuters: Hewlett-Packard (NYSE: HPQ) and former CEO Mark Hurd settled disagreements over Hurd’s move to Oracle (NASDAQ: ORCL).
Reuters: Nokia (NYSE: NOK) delayed the launch of its flagship N8 handset.
Reuters: Barnes & Noble (NYSE: BKS) and Ron Burkle each won some support in bids to control the company.
WSJ: The Obama stimulus plan has been bogged down in bureaucracy as some programs flounder.
WSJ: Steel prices are unexpectedly rising.
WSJ: The European Central Bank increased bond purchases.
WSJ: China’s biggest car maker SAIC may try to invest in the GM IPO.
WSJ: The head of LM Ericsson confirmed his support for the Sony Ericsson joint venture in the handset industry.
WSJ: The OECD said US deficits are worse than thought.
WSJ: New details emerged about Johnson & Johnson’s (NYSE: JNJ) efforts to repair its Motrin problems.
WSJ: The Apple Inc (NASDAQ: AAPL) iPhone 4 will go on sale in China.
WSJ: Stocks hit a four month high.
WSJ: Bank of America (NYSE: BAC) will sharply cut the workforce in its investment bank
NYT: Code to track consumer behavior via PC data has caused several suits.
NYT: GMAC will halt foreclosures in 23 states as it probes how some of them were granted.
NYT: The Transportation Department said there were fewer deaths from distracted driving last year.
FT: The Gulf states will buy $123 billion in US arms in part of counter the power of Iran.
FT: Obama hinted at changes in his Administration’s financial staff leaving questions about Geithner and Summers.
Bloomberg: The CTO of Nokia (NYSE: NOK) plans to use his huge R&D budget to better compete with Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) Android-based phones.
Bloomberg: Deutsche Bank will raise over $13 billion in a share sale.
Bloomberg: Microsoft (NASDAQ: MSFT) hopes that the release of new Xbox services will support new initiatives for its Zune products.
Bloomberg: Goldman Sachs Group’s (NYSE: GS) stock rose very modestly as chief Lloyd Blankfein made $125 million.
Douglas A. McIntyre
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