Media Digest (9/24/2010) Reuters, WSJ, NYT, FT, Bloomberg

Media

Douglas A. McIntyre

Published: September 24, 2010 4:06 am

Last Updated: September 24, 2010 5:53 am

Reuters: Petrobras raised $70 billion in the largest stock offer in history.

Reuters: There will likely be no tax cut before the election, according to Democrats

Reuters: Obama asked the Chinese premier for more action on the yuan.

Reuters: Anheuser-Busch (NYSE: BUD) will offer free beer to rebuild sales.

Reuters: Oil fell on concerns about the slow pace of the recovery.

Reuters: The FCC opened unused airwaves for potential mobile broadband.

Reuters: The American Journal for Public Health says 16,000 people died because of cellphone use while driving from 2001 to 2007.

Reuters: Time Warner (NYSE: TWX) could offer video on demand products as early as the first quarter of next year.

Reuters: BHP Billiton (NYSE: BHP) made progress in its bid to buy Potash (NYSE: POT)

WSJ: Some large US banks, under pressure to lend, will begin a “second look” at rejected mortgage applications, according to The Financial Services Roundtable

WSJ: Regulators curbed the use of diabetes drug Avandia.

WSJ: HSBC (NYSE: HBC) Chief Executive Michael Geoghegan will leave.

WSJ: Steve Wadsworth, head of The Walt Disney (NYSE: DIS) interactive group, will leave.

WSJ: Verizon (NYSE: VZ) will charge for mobile data use.

WSJ: The Apple Inc (NYSE: AAPL) plan for internet TV shows for $.99 has split networks, some of which do not want to be part of the plan.

WSJ: Bad news from Ireland and slowing eurozone GDP have renewed fears of economic trouble in Europe.

WSJ: Sales of existing homes rose slightly last month.

WSJ: The US is worried about China’s share of the rare metals market.

WSJ: The travel business is growing faster than the economy.

WSJ: Bristol-Myers (NYSE: BMY) will cut its workforce by 3%, joining Abbott (NYSE: ABT) in large layoffs.

WSJ: Abbott will pay $450 million for rights to an experimental kidney drug.

WSJ: The head of GE (NYSE: GE) hammered the US for lack of an energy policy.

WSJ: Avis (NYSE: CAR) lifted its bid for Dollar-Thrifty (NYSE: DTR).

WSJ: AMD (NYSE: AMD) cut its forecast.

WSJ: The airlines are being threatened by traveler’s rights programs.

WSJ: JPMorganChase (NYSE: JPM) will compete with American Express (NYSE: AXP) for high-end customers.

WSJ: Program trading was 42% of NYSE volume last week.

WSJ: Mortgage rates stayed near all-times lows.

WSJ: The Treasury will sell $158 billion in paper.

NYT: The US will push for a smaller IPO for GM to increase the value of shares issued.

FT: The eurozone nations may set penalties for nations that do not follow budget rules.

Bloomberg: Spain is under pressure to hold to its austerity plan.

Bloomberg: Nike (NYSE: NKE) orders from China rose 25%.

Bloomberg: Oracle (NASDAQ: ORCL) plans to buy chip makers.

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.