Media Digest (9/23/2010) Reuters, WSJ, NYT, FT, Bloomberg

Media

Douglas A. McIntyre

Published: September 23, 2010 4:06 am

Last Updated: September 23, 2010 5:27 am

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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