Media

Media Digest (3/29/2011) Reuters, WSJ, NYT, FT, Bloomberg

Off-exchange traded fund BATS will go public to challenge NYSE Euronext (NYSE: NYX) and Nasdaq (NASDAQ: NDAQ). (Reuters)

Wal-Mart (NYSE: WMT) has take a sex bias case against it to the Supreme Court (Reuters)

“Who’s Winning the Clean Energy Race” by the Pew Charitable Trusts says the US has dropped to the third spot worldwide in alternative energy investment (Reuters)

Bargain hurting pushed global shares higher (Reuters)

Amazon.com (NASDAQ: AMZN) launched a service for people to store music (Reuters)

Sprint-Nextel (NYSE: S) again attacked the AT&T (NYSE: T) to buy T-Mobile (Reuters)

Ebay (NASDAQ: EBAY) bought GSI, supposedly to compete with Amazon (Reuters)

Concerns over car parts supplies from Japan have grown (WSJ)

A shutdown of the US government is more likely (WSJ)

German consumer sentiment fell (WSJ)

Banco Base of Spain will request a capital infusion (WSJ)

Facebook hired Mark D’Arcy, president of Time Warner’s Global Media Group for a key management position (WSJ)

Consumer spending is up eight months in a row (WSJ)

Tokyo Electric Power may be taken over by the government of Japan (WSJ)

Kureha, which supplies Apple (NASDAQ: AAPL) iPod components, may move manufacturing out of Japan (WSJ)

AstraZeneca will pay $1.1 billion in taxes to settle a fight with US authorities (WSJ)

Sprint has not spent nearly as much on lobbying as AT&T has (WSJ)

Lenovo will sell a tablet PC in China (WSJ)

Consumer confidence continues to be eroded by job fears (WSJ)

Farmers will press to take advantage of the high price of cotton (NYT)

Food makers have shrunk package sizes to lower perceptions of inflation (NYT)

A shortage of electricity in Japan could last for nearly a year (NYT)

Time Warner Cable (NYSE: TWC) is under pressure from content companies because of software that allows the streaming of media to tablet PCs (NYT)

Michigan cut jobless payments by six weeks which cuts it benefits lower than those of any other state (NYT)

Moody’s said the $20 billion loan that AT&T will take on because of its T-Mobile buyout hurts the large firm’s prospects (FT)

Demand for US municipal bonds has fallen on concerns over default (FT)

BP plc (NYSE: BP) management may face manslaughter charges over decisions made before the Deepwater Horizon disaster (Bloomberg)

Japan may keep corporate taxes high and increase taxes on individuals to cover quake damage (Bloomberg)

Douglas A. McIntyre

 

 

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