Media

Media Digest (8/4/2011) Reuters, WSJ, NYT, FT, Bloomberg

Hitachi and Mitsubishi may merge (Reuters)

Japan intervened in the yen (Reuters)

Spain will offer bonds and the European Central Bank meets to examine option to help the country’s debt problems (Reuters)

The U.S. is taking a careful look into whether News Corp (NYSE: NWS) properties hacked the phones of 9/11 victims (Reuters)

Midwest oil stocks fell (Reuters)

Google (NASDAQ: GOOG) says Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have joined forces to keep down market share of Android (Reuters)

Institutional investors have begun to invest in foreclosed home inventories (WSJ)

Pfizer (NYSE: PFE) wants to sell Lipitor over the counter (WSJ)

A Rhode Island law sets the claims of bondholders ahead of pension holders in municipal bankruptcies (WSJ)

S&P has not commented on the U.S. debt rating (WSJ)

Facebook may adjust its news feed technology (WSJ)

Macy’s (NYSE: M), Nordstrom (NYSE: JWN) and Kohl’s have upgraded stores to bring in reluctant customers (WSJ)

Rio Tinto (NYSE: RTP) said U.S. and EU debt problems could eventually harm its business (WSJ)

The prime minister of Italy has resisted a set of austerity plans although concerns continue to rise about whether the nation can raise money (WSJ)

China has let the price of cooking oil rise so that households can feel some of the effects of inflation (WSJ)

Results from media companies like Comcast (NASDAQ: CMCSA), Time Warner (NYSE: TWX), and CBS (NYSE: CBS) continued to improve (WSJ)

The head of Chrysler said he sees competition from China car exports soon (WSJ)

Web.com bought Network Solutions for $560 million (WSJ)

Gold hit a fresh all-time high (WSJ)

Sales of luxury goods continued to surge (NYT)

Fear rises that EU banks that hold debt in Italy and Spain could be troubled (NYT)

U.S. corporate bond yields hit new lows (FT)

Cyber-attacks, probably from China, targeted military information (FT)

Research In Motion (NASDAQ: RIMM) released new products as part of an attempted rebound (FT)

The ECB may hold rates steady because of EU economic problems (Bloomberg)

China may let some local governments sell bonds (Bloomberg)

Douglas A. McIntyre

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