24/7 Wall St. Daily Market Roundup
Every morning, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 09/20/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: BP plc (NYSE: BP) says its $20 billion escrow has paid out 19,000 claims which total $240 million.
- Reuters: The US said that BP has “killed” the leaking well.
- Reuters: Bank of America (NYSE: BAC) said it will test new pricing packages for customers to help recoup $4.3 billion in sales from new restriction on bank and credit card fees.
- Reuters: Nissan will double capacity in China.
- Reuters: General Growth will pay $230 million to Howard Hughes’s heirs to settle land disputes in Las Vegas.
- Reuters: Oracle (NASDAQ: ORCL) launched new hardware to manage cloud computing.
- Reuters: Facebook says it will not build its own phone.
- Reuters: Apple Inc.’s (NASDAQ: AAPL) new iPhone will go on sale in China.
- Reuters: Samsung released its Galaxy tablet in the US.
- Reuters: General Mills said it had no comment about possibly buying Yoplait.
- Reuters: SAIC approached GM about buying a stake.
- Reuters: Sinochem may seek Chinese government support to bid for Potash (NYSE: POT).
- New York Times: Revenue at Wall St firms dropped this summer.
- New York Times: Some people over 50 fear that the economy could prevent them from ever finding work.
- New York Times: The fight over Barnes & Noble (NYSE: BKS) is a based on different visions of the future of digital books.
- New York Times: Japan video game makers may begin to benchmark competition in the West.
- New York Times: The use of low-powered ARM chips is growing fast.
- Bloomberg: The EU debt crisis may be disappearing as bond spreads drop.
- Bloomberg: Airbus may launch an upgraded version of its popular A320.
- Bloomberg: BP faces challenges to begin drilling in the Gulf again.
- Bloomberg: Cotton rose above $1 for the first time since 1995.