Media
Media Digest (11/16/2010) Reuters, WSJ, NYT, FT, Bloomberg
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Last Updated:
The demand for GM stock may push the price per share of the IPO to $33. (Reuters)
Rolls Royce began to build more engines to replace faulty ones on Airbus A380s. (Reuters)
George Soros said that both China and the US has causes for QE2. (Reuters)
Apple (NASDAQ: AAPL) will introduce Beatles songs to iTunes. (Reuters)
The dollar got support from US yields and euro problems. (Reuters)
Facebook will compete with Google (NASDAQ: GOOG) and Yahoo! (NASDAQ: YHOO) as it launches it new messaging service. (Reuters)
Google’s new phone software allows e-commerce payments. (Reuters)
Microsoft (NASDAQ: MSFT) sold 1 million Kinect game devices. (Reuters)
BHP Billiton (NYSE: BHP) said it will continue to look for M&A deals.
China’s closed economy has an effect on global markets which let global competition set markets. (WSJ)
Congress will looks at the securitization industries to see how they affect credit markets. (WSJ)
Bond buyers have begun to work against the Fed by the sale of US debt which has driven up yields. (WSJ)
Caterpillar (NYSE: CAT) will buy Bucyrus for $7.6 billion. (WS)
The New York manufacturing index was weak (WSJ)
Fed Vice Chair Janet Yellen defended QE2. (WSJ)
Consumers moved back into a buying mode based on recent retail sales numbers. (WSJ)
A decision to extent job benefits to 2 million unemployed Americans is likely to be left to the next session of Congress. (WSJ)
China limited foreign investment in its domestic real estate supposedly to prevent bubbles. (WSJ)
Ireland is under increased pressure to accept a bailout. (WSJ)
Germany and Greece fought over the terms of future bailouts. (WSJ)
The Administration has eased healthcare rules to make its easier for employers to switch plans. (WSJ)
China will begin to build its own passenger aircraft, a blow to Boeing (NYSE: BA) and Airbus. (WSJ)
Auto designers have begun to look at the non-engine part of cars to increase fuel mileage. (WSJ)
Comcast (NASDAQ: CMCSA) launched an Apple app to allow people to watch TV and see program guides. (WSJ)
Corn moved up on anticipated Chinese demand. (WSJ)
Precious metal ETFs have grown at record paces. (WSJ)
Finance ministers in Europe have put pressure on Portugal and Ireland to solve their debt problems. (FT)
Google asked the US government to help it will censorship problems in foreign nations. (FT)
A weaker dollar may not help US unemployment. (NYT)
Gazprom will begin to drill in the ocean near Cuba. (NYT)
Errors in surgery and medication prescriptions were mentioned in a new HSS report. (NYT)
Ireland may abandon its attempts to solve its own debt problems. (Bloomberg)
Adidas will increase its number of stores in China to 6,100. (Bloomberg)
Gap (NYSE: GPS) and Walmart (NYSE: WMT) will raise prices due to increased cotton costs. (Bloomberg)
Douglas A. McIntyre
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