Media Digest (10/26/2010) Reuters, WSJ, NYT, FT, Bloomberg

Media

Douglas A. McIntyre

Published: October 26, 2010 4:06 am

Last Updated: October 26, 2010 5:48 am

Reuters: American International Group (NYSE: AIG) CEO Benmosche has cancer. (Reuters)

Ford Motor (NYSE: F) may post record profits. (Reuters)

William Dudley of the New York Fed said the central bank could support the economy. (Reuters)

Berkshire Hathaway (NYSE: BRK.B) named a manager who may replace Warren Buffett. (Reuters)

Sony (NYSE: SNE) share rose on speculation Apple Inc (NASDAQ: AAPL) might buy the company. (Reuters)

The dollar is at a record low compared to the yen. (Reuters)

Roy Ozzie, the departing chief software architect as Microsoft (NASDAQ: MSFT), said the company needed to prepare for a “post PC” world. (Reuters)

Several online travel companies which include Expedia (NASDAQ: EXPE), protested to the Justice Department about a Google (NASDAQ: GOOG) buyout of ITA Software. (WSJ)

Carlyle may buy CommScope for $3 billion. (Reuters)

UBS (NYSE: UBS) reported good Q3 earnings. (NYT)

The telecom industry in the US is particularly sensitive about overseas investment. (NYT)

A Treasury report said that the agency hid AIG losses. (NYT)

Bond investors has begun to bet on a return of inflation. (NYT)

The US will try to cut emissions from large trucks. (NYT)

The Federal government was only able to modify 28,000 mortgages in September. (NYT)

BP’s (NYSE: BP) new CEO accused the US government and other oil companies of pumping up the problems of the Gulf spill. (FT)

Bernanke says the Federal Reserve will look for “systemic weakness” in the mortgage loan markets. (FT)

Fed asset purchases could eventually cause 1970s-type inflation. (Bloomberg)

More companies have begun to outsource technology functions as prices rise. (Bloomberg)

Corn and soy prices many force BHP Billiton (NYSE: BHP) to raise its Potash (NYSE: POT) offer. (Bloomberg)

China car company BYD which is backed by Warren Buffett, suffered a 99% drop in profits. (Bloomberg)

A plan to produce the world’s largest solar plant in southern California was approved by the government. (WSJ)

The IMF increased its growth forecast for Africa. (WSJ)

Ford is close to losing its junk bond rating. (WSJ)

US companies have begun to fear that they have too much inventory. (WSJ)

Sugar prices will hit an all-time high. (WSJ)

Douglas A. McIntyre

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!