Media Digest (10/19/2010) Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   Geithner said the US would no devalue to dollar to get a trade advantage.

Reuters:   Bank of America (NYSE: BAC) has begun foreclosures again.

Reuters:   Roy Ozzie, the chief software architect as Microsoft Corp (NASDAQ: MSFT), will leave.

Reuters:   Google Inc. (NASDAQ: GOOG) will end relationships with several large ad resellers in China which could help Baidu (NASDAQ: BIDU).

Reuters:   Steve Jobs attacked the business strategies of rivals including Google Inc. (NASDAQ: GOOG) and Research In Motion (NASDAQ: RIMM).

Reuters:    China has approval to sell its stake in China International Capital.

Reuters:   Potash (NYSE: POT) may have run out of options in its bid to escape a takeover by BHP Billiton (NYSE: BHP)

WSJ:   Consumer retailers are faced with low demand but rising commodities prices for goods used in their products.

WSJ:   BP Plc (NYSE: BP) will link pay to safety.

WSJ:   The cost of the Lehman Bros. bankruptcy is nearly $1 billion, according to SEC filings.

WSJ:   Bondholders have begun to attack banks for lax mortgage rules.

WSJ:   The Medicare programs to lower surgery deaths may be flawed.

WSJ:   The IMF lauded that capital controls of many nations in Asia.

WSJ:   French labor stoppages over pensions shut down part of the country.

WSJ:   Battery costs can be half of what car companies can sell electric vehicles for.

WSJ:   Neil Collins of Reuters Breakingviews resigned due to trading stocks against policy.

WSJ:   Hilton’s success with mortgage-backed paper shows the market has begun to thaw.

WSJ:   China remained the top holder of US debt.

NYT: Pacific Alternative Asset Management Company was supposed to be controlled by women, but probably was not.

NYT:   China continues to push to lower exports of rare earths.

FT:   US companies have asked for a tax amnesty as they bring profits back from overseas.

Bloomberg:   German investor confidence hit a 21-month low.

Douglas A. McIntyre