Media
Media Digest (20/29/2010) Reuters, WSJ, NYT, FT, Bloomberg
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A lawsuit alleges that Toyota Motor (NYSE: TM) secretly bought problem cars. (Reuters)
Microsoft (NASDAQ: MSFT) earnings were better than expected. (Reuters)
The AIA IPO moved up 17% on the Hong Kong exchange. (Reuters)
GM will repay taxpayers $2 billion from its IPO. (Reuters)
The dollar hit lows against the yen not seen since 1995 (Reuters)
Sales of cellphones slowed last quarter but smartphone sales surged. (Reuters)
Facebook and Twitter’s managements said that social media is the “new normal.” (Reuters)
Intel (NASDAQ: INTC), Samsung and Toshiba will work to cut the size of chips by half (Nikkei)
Potash (NYSE: POT) earnings rose but its stock dropped on concerns that a bid from BHP Billiton (NYSE: BHP) may disappear. (Reuters)
Sanofi-Aventis said it will not raise its bid for Genzyme. (NASDAQ: GENZ)
Halliburton (NYSE: HAL) found problems the could have caused the BP (NYSE: BP) disaster before the event occurred. (WSJ)
Samsung’s profits rose as did those of Honda Motor (NYSE: HMC) and Sony. (NYSE: SNE) (WSJ)
The FDA rejected the Vivus obesity drug. (WSJ)
The G-20 will push the IMF to give loans to troubled regions. (WSJ)
China has begun to push into the global power generation business with a large shipment to India. (WSJ)
AOL (NYSE: AOL) will launch a new home page design. (WSJ)
Nintendo will launch a social game version of its DS. (WSJ)
Sharp and LG say there is glut of TVs. (WSJ)
Blackstone (NYSE: BX) says the deal business has overheated. (WSJ)
The IMF said the value of the dollar was slightly too strong. (WSJ)
Van Eck launched a rare earth ETF.
Cheap debt has helped a private equity revival (NYT)
Solar power projects may falter without government support. (NYT)
Merkel won her bid to get the EU to put into place permanent measures for a future debt crisis in the region. (Bloomberg)
Focus Radar says home sales have slowed in the hardest hit states with real estate problems due to foreclosure problems. (Bloomberg)
Douglas A. McIntyre
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