Media Digest (2/1/2011) Reuters, WSJ, NYT, FT, Bloomberg

Media

Douglas A. McIntyre

Published: February 1, 2011 4:14 am

Last Updated: February 1, 2011 5:37 am

China PMI data for January showed inflation (Reuters)

BP plc (NYSE: BP) posted strong earnings and reinstated its dividend (Reuters)

The IMF said imbalances in employment and prices could cause protectionism among nations (Reuters)

A Florida judge said some portions of the healthcare package are no constitutional (Reuters)

Strong US economic data and Egypt pushed oil to $100 (Reuters)

The new risk of political instability could change the picture the financial world has of emerging markets (Reuters)

Intel (NASDAQ: INTC) found a flaw in some of its new chips and will take a charge (Reuters)

IBM (NYSE: IBM) promoted the operating functions it can add to the Research In Motion (NASDAQ: RIMM) Playbook (Reuters)

Chrysler said it would be profitable next year as it prepares for an IPO (Reuters)

Hedge funds have asked the SEC for guidance on the use of expert networks (WSJ)

Sanofi-Aventis is near a deal to buy Genzyme (NASDAQ: GENZ) (WSJ)

The WTO says Boeing (NYSE: BA) got improper subsidies (WSJ)

Asian handset companies are rapidly increasing their use of Google’s (NASDAQ: GOOG) Android (WSJ)

Eurozone inflation increased in January (WSJ)

State tax revenue moved up in the last quarter due to higher tax rates and improvements in the economy (WSJ)

Banks improved lending to large companies but smaller firms still have little access to capital (WSJ)

Direct bank negotiations modified two million home loans during the last 19 months while HAMP only effect 521,000 (WSJ)

The recession cut the number of homeowner to below 2007 levels (WSJ)

China’s capital accounts surplus rose again in 2010 (WSJ)

The internet is running out of new web addresses according to the American Registry for Internet Numbers (WSJ)

The ability to raise money for firms with risky balance sheet has not offset that risk (WSJ)

The launch of an Amazon.com (NASDAQ: AMZN) streaming video service could challenge Netflix (NASDAQ: NFLX) (WSJ)

The EPA ruled against chemicals used in fracking contaminate water sources

Federal Reserve survey of senior credit officers says large firms have more access to capital (NYT)

Applications for smart devices are making its easier to read content on the web (NYT)

New government guidelines for healthy eating suggest that people consume less (NYT)

Apple (NASDAQ: AAPL) is tightening control over software sold at the App Store (NYT)

The Federal Reserve survey of senior credit officers shows that banks are offering more credit as they compete for business from large companies (FT)

The ECB will end its emergency buying of bonds (FT)

Citigroup (NYSE: C) will pay more banker bonuses in stock (Bloomberg)

ARM profits rose on smartphone and tablet sales (Bloomberg)

Baidu (NASDAQ: BIDU) posted record profits and will start social network offerings that could challenge Tencent (Bloomberg)

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.