Media
Media Digest (2/8/2011) Reuters, WSJ, NYT, FT, Bloomberg
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Regulators will push to keep Wall St. firms from side stepping regulations on financial firm pay. (Reuters)
Toyota Motor’s (NYSE: TM) fiscal third quarter profits fell but it increased it forecast for production during the balance of the year. (Reuters)
Chipotle faces the dismal of hundreds of workers because they are illegal immigrants. (Reuters)
Stocks in developed Asia markets like Australia and Japan have risen because of the recovery in the region. (Reuters)
McAfee (NYSE: MFE) says cellphone security threats have gone up sharply. (Reuters)
Sprint Nextel (NYSE: S) will release a new dual screen phone made by Kyocera. (Reuters)
Big Lots (NYSE: BIG) will put itself up for sale. (Reuters)
The home market has been helped recently by cash buyers, according to Zillow. (WSJ)
Asian currencies moved higher in anticipation that governments will take actions to curb inflation. (WSJ)
Obama said companies should use the cash on their balance sheets to expand and add jobs. (WSJ)
Obama may change part of the healthcare bill to cover worker long-term car insurance. (WSJ)
The US and Brazil have joined to force China’s hand on yuan valuation. (WSJ)
US lumber exports to China are up sharply. (WSJ)
Many store chains have turned to private label beer which has caused strong reactions from brewers like Anheuser Busch. (WSJ)
Danaher agreed to acquire medical-test maker Beckman Coulter for $5.87 billion. (WSJ)
Chesapeake Energy will sell some of its natural gas assets. (WSJ)
Ensco agreed to buy Pride International for $7.3 billion. (WSJ)
The Verizon iPhone will have hardware to prevent the dropped calls caused by earlier versions of the smartphone. (WSJ)
JP Morgan (NYSE: JPM) will take gold as collateral which has give the metal the status of a AAA security.
Banks have increased their lending to small firms. (WSJ)
The Boston Consulting Group has issued a report that banks may lose $25 billion year in revenue because of new credit card regulations. (WSJ)
The yield on junk bonds is near an historic low. (WSJ)
Retail firms have begun to sack executives after weak holiday sales. (NYT)
The SEC has become more active in investigating the content of mortgage securities. (FT)
VW reached a wage agreement with German workers. (Bloomberg)
Microsoft (NASDAQ: MSFT) will reorganize to put engineers into senior jobs. (Bloomberg)
Douglas A. McIntyre
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