Reuters: The House passed the financial reform bill leaving the Senate to actReuters: Work on the BP plc (NYSE: B) oil spill will be delayed because of Hurricane Alex.
Reuters: China’s economic growth slowed.
Reuters: Oil prices fell for the fourth day.
Reuters: The euro hit record lows against the Swiss franc.Reuters: Microsoft Corporation killed its Kin phone.
Reuters: Amazon.com (NASDAQ: AMZN) launched a less expensive Kindle.
Reuters: Google Inc.’s (NASDAQ :GOOG) operating license in China is under review.
Reuters: Amazon will buy online store Woot.
WSJ: China’s banks are trying to find a source of earnings beyond lending in the People’s Republic.
WSJ: GlaxoSmithKline (NYSE: GSK) has set up a number of small biotech units.
WSJ: Democrats on a panel set up by Obama said spending cuts would have to outweigh taxes to drop the deficit.
WSJ: Toyota (NYSE: TM) found engine problems in 270,000 cars
WSJ: Wellpoint cut back rate increases.
WSJ: Federal authorities began a crackdown on film piracy.
WSJ: Robert Benmosche, CEO of American International Group, threatened to resign again.
WSJ: Yahoo! Inc. (NASDAQ:YHOO) said it would buy back $3 billion in shares.
WSJ: Moody’s may downgrade Spain’s Aaa rating.
WSJ: The financial reform bill would cut FDIC charges for some small banks.
WSJ: JAL will ask for more funds to operate in bankruptcy.
WSJ: GM is expanding the launch of its Chevrolet Volt battery-powered car.
WSJ: The WTO condemned subsidies offered to Airbus by European nations.
WSJ: Warner Music (NYSE: WMG) and MTV will team up to market songs.
WSJ: The SEC said that pension funds may not seek political contributions from politicians that oversee them
NYT: Documents show Goldman Sachs Group put pressure on American International Group to make insurance payments.
NYT: The TARP could be phased out early.
NYT: During Q2 the DJIA was down 10% and the S&P 500 by 12%.
FT: Manufacturing growth slowed in Asia.
FT: The EU agreed to harsh guidelines for banker bonuses.
FT: BP plc is trying to raise more money.
Bloomberg: Boeing (NSYE: BA) may get a lift for its Air Force tanker bid from the WTO censure of Airbus.Bloomberg: Apple Inc. (NASDAQ: AAPL) was sued by consumers over iPhone reception charges.
Bloomberg: Google’s Chinese plans may push more advertisers to Baidu (NASDAQ: BIDU)
1 comment:
Wayne Rosso takes a look at Standard and Poor’s recent downgrading of Warner Music Group’s stock, at the same time as pondering music labels’ rather checkered record in supporting new innovative business models such as Spotify.
More on this here - http://www.themusicvoid.com/2010/08/wall-street-bitch-slaps-junior/
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