Media
Media Digest 11/8/2010 Reuters, WSJ, NYT, FT, Bloomberg
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Last Updated:
Chine criticized the US for its QE2 program because it believe the move will add to much liquidity to emerging markets. (Reuters)
Regulators have begun to examine Citigoup debt funds to see if they were sold with proper exposure of their risks. (WSJ)
AOL (NYSE: AOL) has hired advisers to look at its strategic options which include a tie-up with Yahoo (NASDAQ: YHOO). (WSJ)
Commodity prices continued to move higher and helped push the Nikkei to a three month high. (Reuters)
Gold reached another record high. (Reuters)
Kevin Warsh of the Fed said the agency would review QE2 if it caused inflation or problems with a weak dollar. (Reuters)
The People’s Daily of China attacked QE2. (Reuters)
Shell sold $3.3 billion of its stake in Woodside. (Reuters)
AT&T (NYSE T) and Scripps entered into a deal to run programs on the telecom company’s U-verse system. (Reuters)
Amazon.com (NASDAQ: AMZN) will buy the parent of Diapers.com (Reuters)
Low interest rates have begun to hurt the ability of insurance companies to get good investment results. (WSJ)
Germany was critical of the Fed’s QE2 move. (WSJ)
The tech-heavy Nasdaq has outperformed other markets recently. (WSJ)
Wal-Mart (NYSE: WMT) has cut toy prices to better compete with Target. (NYSE: TGT) (WSJ)
Start-up RockMelt will launch a browser which incorporates social network features. (WSJ)
Low level workers tend to keep jobs if they live in areas where people are highly educated, according to the Brookings Institution. (WSJ)
A drop in fossil fuel prices has hurt alternative energy projects. (NYT)
Irish debt problems have renewed concern about European debt. (NYT)
TBS says the new Conan O]Brien show is aimed to bring in younger views. (NYT)
The head of the World Bank has begun a new debate on the gold standard. (FT)
Canada continues to strengthen rules on foreign investments. (FT)
The largest Chinese oil companies have begun to push M&A initiatives. (FT)
Siemens (NYSE: SI) will increase its dividend. (FT)
CEOs are more optimistic about earnings. (Bloomberg)
Germany’s exports rose last month. (Bloomberg)
Google (NASDAQ: GOOG) and Dell (NASDAQ) will probably continue aggressive M&A programs. (Bloomberg)
Douglas A. McIntyre
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