Media
Media Digest (2/22/2011) Reuters, WSJ, NYT, FT, Bloomberg
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Investors are concerned about whether Wal-Mart’s (NYSE: WMT) US store division has grown. (Reuters)
Moody’s cut its outlook on Japan to negative due to concerns about whether government austerity measures will work. (Reuters)
US oil prices reach 2 1/2 year highs on Libya worries. (Reuters)
Corelogic data shows that the National Association of Realtors may have over-counted home sales. (WSJ)
China workers pressed Apple (NASDAQ: AAPL) on worries about their health. (Reuters)
Markets in Asia and Europe fell on Libya concerns. (Reuters)
Hewlett-Packard (NYSE: HPQ) should post good quarterly results but Wall St. knows little about plans by CEO Leo Apotheker. (Reuters)
Alibaba shares fell as the CEO was forced out. (Reuters)
Spotify may get a $100 million investment from DST. (TechCrunch)
BHP Billiton (NYSE: BHP) will buy shale gas deposits from Chesapeake Energy (NYSE: CHK). (Reuters)
BP (NYSE: BP) and Reliance set a venture to drill for deepwater oil. (Reuters)
Oil prices passed from refineries to gas stations reflect a real price of oil at $100. (WSJ)
Dynegy management and some board members will leave after a failed attempt to sell the firm. (WSJ)
The FDIC may sue some WaMu executives. (WSJ)
Blockbuster got a $290 million bid from some stakeholders. (WSJ)
Banks have slowed increases in credit card fees. (WSJ)
Labor unions concerned about a Wisconsin plan to cut collective bargaining will protest in other states. (WSJ)
Union members in Indiana struck due to plan by the state to cut some of their rights. (WSJ)
A fight between Republicans and Democrats made a shutdown of the federal government more likely. (WSJ)
A bill in Congress could increase the size of state budget deficits. (WSJ)
Oil companies cut operations in Libya. (WSJ)
Diageo bought Turkey”s Mey Içki Sanayi ve Ticaret for $2.1 billion. (WSJ)
An Ernst and Young study shows more American companies will locate R&D outside the US. (WSJ)
Some large investors believe Treasuries yields will move to 4% this year. (WSJ)
Results from China IPOs in the US have been mixed but there are more to come. (WSJ)
China social media company Renren may have a US IPO. (WSJ)
Silver hit a 31 year high. (WSJ)
Low priced items on Amazon.com (NASDAQ: AMZN) have hurt retail sales at bricks-and-mortar stores. (WSJ)
Makers of children’s products are fighting some safety rules. (NYT)
Cotton traders are locked in a fight with American farmers. (FT)
China factors are having trouble finding workers despite higher pay offers. (FT)
US stocks have outperformed those in emerging markets. (Bloomberg)
Greece urged Germany to buy back sovereign debt. (Bloomberg)
Large oil companies are still aggressively selling refineries. (Bloomberg)
Douglas A. McIntyre
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