Media

Media Digest (10/20/2010) Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   Geithner said the major currencies are “in alignment” but need negotiations to make sure their status remains that way.

Reuters:   Toyota (NYSE: TM) will fix 1.52 million Avalons.

Reuters:   The Administration said the mortgage problems were not “systemic.”

Reuters:   Apple Inc (NASDAQ: AAPL) launched a Macbook Air similar to the iPad.

Reuters:   Dell (NASDAQ: DELL) plans an ad campaign to improve its image as a provider of high-end machines.

Reuters:   The head of Conoco Philips (NYSE:COP) said the company may sell $10 billion in assets.

WSJ:   A drought has spread across the South and Midwest.

WSJ:   Goldman Sachs Group (NYSE: GS) may buy back the $5 billion investment made in the firm by Warren Buffett.

WSJ:   Geithner want to spend part of the G20 meeting to press for a global economy that depends less on the US consumer.

WSJ:   Problems at Credit Suisse (NYSE CS) hurt profits.

WSJ:   The US plan to regulate banks has been difficult because international plans about the financial system are incomplete.

WSJ:   The growth of China’s economy slowed in the third quarter.

WSJ:   Companies have begun to raise prices to offset higher commodities and metal costs.

WSJ:   The UK launched a huge austerity program.

WSJ:   PayPal results helped eBay (NASDAQ: EBAY) earnings.

WSJ:   The US may sell Saudi Arabia $60 billion in arms.

WSJ:   The Beige Book showed slowed economic growth.

WSJ:   The drop in the value of the dollar will not do much to help the US economy rebound.

WSJ:   Airline profits soared last quarter.

WSJ:   Procter & Gamble (NYSE: PG) will launch new marketing campaign to support recently released products.

WSJ:   Boeing (NYSE: BA) earnings moved from a loss to a profit.

WSJ:   The Samsung Galaxy tablet will cost $599 at Verizon Wireless stores.

WSJ:   A group may buy The Boston Globe from The New York Times Company (NYSE: NYT).

WSJ:   Fannie Mae and Freddie Mac may use lawsuits to recoup billions losses on bad syndicated loans.

NYT:   Courts will be hit by a wave of cases in which people will try to hold on to foreclosed homes.

NYT:   The housing secretary said there is no widespread problem in the foreclosure system

NYT:   Graco recalled millions of strollers.

FT:   The UK will cut its budget by an amount that is close to 4.5% of GDP.

FT:   The Federal Reserve may set a system of flexible repurchases of securities.

FT:   Obama must confront a lock down of the mortgage market.

FT:   Boeing said emerging markets have helped profits.

Bloomberg:   The price of rare earth skyrocketed as China cut exports.

Bloomberg:   Walmart (NYSE: WMT) has begun to look to Africa’s 1 billion consumers.

Douglas A. McIntyre

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.