Media
Media Digest (9/23/2010) Reuters, WSJ, NYT, FT, Bloomberg
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Reuters: The Chinese premier said he would not succumb to pressure from the US on the value of the yuan.
Reuters: An SEC watchdog said the timing of the charges against Goldman Sachs Group (NYSE: GS) was “suspicious.”
Reuters: Dell Inc. (NASDAQ: DELL) released it table PC.
Reuters: Facebook has begun work on two smartphones.
Reuters: A Harris Interactive survey showed rapid adoption of e-readers.
Reuters: A sale of Petrobras shares was oversubscribed.
Reuters: Potash (NYSE: POT) sued BHP Billiton (NYSE: BHP) on its takeover offer.
WSJ: Banks face legal pressure to make up for losses in pools of low-end mortgages.
WSJ: Walmart (NYSE: WMT) is fighting a sabotage campaign by grocery stores.
WSJ: Abbott Labs (NYSE: ABT) recalled 5 million containers of Similac
WSJ: Novartis received approval for its MS drug.
WSJ: GM will need a very high valuation for its IPO to pay back the Treasury.
WSJ: The pace of the Obama mortgage modification slowed again.
WSJ: The chance that the Fed could buy Treasuries pushed gold up and the dollar down.
WSJ: State and local debts will not be resolved to the satisfaction of pension holders and debtholders.
WSJ: Japan may lower its corporate tax rate.
WSJ: The New York Times Company (NYSE: NYT) warned on earnings due to ad trouble.
WSJ: Starbucks (NASDAQ: SBUX) will raise the price of some coffee drinks.
WSJ: Nielsen may increase its role in measuring online ads.
WSJ: An increase in cotton prices could hurt apparel earnings.
WSJ: Microsoft (NASDAQ: MSFT) is paying record low yields on its new bonds.
NYT: There is an industry that buys Apple Inc. (NASDAQ: AAPL) iPhones in NYC and unlocks them to be sent to China.
NYT: China stopped the exports of certain rare earth elements to Japan.
NYT: Insurers are working to comply with new health care rules.
NYT: The Facebook currency called Credits is gaining traction on the social network.
NYT: Bill Gates and Warren Buffett stayed at the top of the Forbes 400.
FT: The government will cut its estimate for the costs of TARP.
FT: The US Congress may attack the valuation of the yuan.
FT: Siemens promised some German workers jobs for life.
FT: Blockbuster settled with creditors.
Bloomberg: World central banks are having trouble moving away from crisis mode.
Douglas A. McIntyre
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