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