Media
Media Digest (10/18/2010) Reuters, WSJ, NYT, FT, Bloomberg
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Reuters: Rio Tinto (NYSE: RTP) and BHP Billiton (NYSE: BHP) killed a $116 billion joint iron ore venture.
Reuters: The People’s Daily said the rise in the yuan will not last long.
Reuters: The FDIC says it is attemptng to gauge the damage caused by the foreclosure crisis.
Reuters: Some investors have begun to prepare for currency wars and global budget cuts.
Reuters: Sprint-Nextel (NYSE: S) and Clearwire (NASDAQ: CLWR) will begin to offer 4G Wimax in New York City, Los Angeles, and San Francisco before the end of the year.
Reuters: Skype and KDDI formed a telecom partnership in Japan.
WSJ: Pensions have cut their positions in stocks to 45% from 70%
WSJ: Goldman Sachs Group (NYSE: GS) has begun to change the way it does business to help its reputation.
WSJ: The mortgage fiasco has caused more trouble for people in the eviction process.
WSJ: A weak dollar will help US manufacturers.
WSJ: Electric cars may not be as successful as once believed.
WSJ: New Apple Inc (NASDAQ: AAPL) software is aimed at the corporate market.
WSJ: Many Facebook apps steal critical information from members.
WSJ: US sugar production will be hurt by federal rules on genetically altered beets.
WSJ: Zenith Optimedia says online ad spending has improved.
WSJ: Emerging market investors face trouble if the US economy remains slow.
NYT: There is a growing problem that workers have begun to sell company secrets overseas.
NYT: Apple’s closed system for the iPhone could hurt it the way the Mac did two decades ago.
NYT: Stories meant to draw large amounts of traffic often do not help boost ad sales, according to research firm Perfect Market.
NYT: The White House says that a stop to mortgage foreclosures would be harmful.
FT: Chinese investors will press for a piece of the AIA IPO.
FT: M&A has been hurt by global economic uncertainty.
Douglas A. McIntyre
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