Media
Media Digest (12/7/2010) Reuters, WSJ, NYT, FT, Bloomberg
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Reuters: Obama’s deal with Congress will extend Bush tax cuts for two years.
Reuters: The US will sell its remaining shares in Citigroup (NYSE: C) and will make a $12 billion profit.
Reuters: China may raise rates to cut off a growth in inflation.
Reuters: The European Union does not plan to take any new plan of action to lessen market fear about the debt crisis.
Reuters: Gold hit a record and silver was near a 30-year high.
Reuters: A new study in the Journal of Epidemiology and Community Health linked child misbehavior to cellphones.
Reuters: Google’s (NASDAQ: GOOG) e-book operation will compete with Amazon.com (NASDAQ: AMZN)
Reuters: China’s Bright Food Group is likely to buy GNC)
WSJ: The new tax legislation would extend unemployment benefits programs for another 13 months.
WSJ: The Borders (NYSE BGP) merger with Barnes & Noble (NYSE: BKS) might benefit both in an environment of increased competition in the sector.
WSJ: The CEO of J Crew (NYSE: JCG) negotiated a buy-out for nearly two months before he informed his board.
WSJ: Two banks may buy Chrysler Financial from Cerberus Group
WSJ: Time Inc, a division of Time Warner (NYSE: TWX) will create new positions to over see ad sales and marketing.
WSJ: Google (NASDAQ: GOOG) will release a new version of its Nexus phone.
WSJ: Consumer Reports attacked the quality of the AT&T (NYSE: T) wireless network.
WSJ: Manpower Inc says global hiring has picked up worldwide.
WSJ: Germany is against a larger bailout fund for Europe.
WSJ: Moody’s cut its rating of Hungary.
WSJ: New taxes will affect many in Ireland.
WSJ: A slow economy in Europe could damage the earnings of a number of multinationals.
WSJ: Research has caused concerns about a drug made by Celgene.
WSJ: Samsung cut the rate at which it produces LCDs.
WSJ: Diesel fuel use is down–a sign of economic trouble.
WSJ: The legal battle between Starbucks (NASDAQ: SBUX) and Kraft (NYSE: KFT) moved to court.
Bloomberg: BP plc (NYSE: BP) may sell its North Sea assets.
Douglas A. McIntyre
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