Media Digest 19/13/2010 Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   Geithner says there is no risk of a global currency war.

Reuters:   Hedge fund investors favor the stock market

Reuters:   Oil moved above $82 as China crude imports grew.

Reuters:   Sony (NYSE: SNE) launched a “connected TV” based on the Google (NASDAQ: GOOG) software operating system.

Reuters:   Intel’s (NASDAQ: INTC) Q4 forecast was positive.

Reuters:   Lions Gate will seek a merger with MGM which has been approved by large shareholder Carl Icahn.

WSJ:   The US ended a bill on deepwater drilling.

WSJ:   Standard Charter will raise over $5.2 billion in a rights offering.

WSJ:   Bernanke appears to have looked to mistakes by the Japan central bank over a year ago to help set the Fed’s course

WSJ:   China’s trade surplus narrowed.

WSJ:   Fraudulent foreclosure claims have started to slow the housing market.

WSJ:   Geithner says the yuan needs to rise substantially.

WSJ:   Starbucks (NASDAQ: SBUX) has asked its employees to slow the process of making coffee to improve the quality of drinks.

WSJ:   The Bank of Japan may buy more assets.

WSJ:   Federal Reserve actions are likely to push the dollar lower.

WSJ:   Google will fund a huge wind farm project.

WSJ:   More ethanol will be used in newer cars to cut the amount of gasoline.

WSJ:   Many cities have updated the size of their pension liabilities.

WSJ:   Unions in France will continue to strike as the government has raised the retirement age.

WSJ:   A&P will try to restructure its troubled balance sheet.

WSJ:   The GM Chevy Volt is not driven entirely by gasoline.

WSJ:   Alibaba will create a joint venture with Microsoft (NASDAQ: MSFT) in China to build a search engine to compete with Google and Baidu (NASDAQ: BIDU).

WSJ:   Chevron (NYSE: CVX) said its earnings would be down.

WSJ:   Fitch cut its rating of Eastman Kodak (NYSE: EK).

WSJ:   Profits at CSX and Cargill grew.

WSJ:   Verizon Wireless has experience with heavy data use from its Android-based phones that should help it maintain network speed when it begins to sell the Apple iPhone.

WSJ:   The borrowing costs for Greece fell in its latest auction.

WSJ:   The FDIC set new rules in the event a large bank has to be closed.

WSJ:   Corn hit a two-year high.

NYT:   It may take nine years for unemployment to reach recovery levels and thirteen years for home prices.

NYT:   GMAC has begun a review of mortgage practices.

NYT:   The FCC may require a system to force cellular companies to alert customers when their phone bills surge.

Bloomberg:   China’s trade surplus in the last quarter was the largest since the financial crisis began.

Bloomberg:   A Bloomberg national poll shows people are pessimistic about their children’s futures.

Douglas A. McIntyre