October 21St International Financial Media Headlines

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CNNMoney: the Fed says the economy is growing moderately.

The US Federal Reserve will release its current weak recovery in the next few weeks, the Fed said in its brown book released on Wednesday.

The Fed's position in the brown leather book also hinted that it is very likely that a new round of economic stimulus measures will be introduced on the 2-3 November interest rate meeting to promote economic recovery.

In the regional economic performance report released by the Federal Reserve, the Federal Reserve said there were some bright spots in the field of manufacturing pportation, tourism and automobile sales, but the real estate market remained weak.

The report, known as the brown leather book, summarizes the economic situation of the 12 regions of the United States.

Bloomberg: U.S. bank bailout 8.2% returns far above treasury bonds

According to data obtained by Bloomberg, the US government has provided $309 billion in relief to banks and insurance companies through the Troubled Asset Relief Project in the past financial crisis, which has received over $25 billion 200 million in return.

That is to say, the return rate of this two-year investment has reached 8.2%, which is much higher than the 30 year treasury bond yield of the same period.

The return on capital is enough to maintain the operation of the securities and Exchange Commission in the next 20 years.

In fact, this rate of return not only exceeds the yield of treasury bonds, but also exceeds the high yield savings accounts, money market funds and time deposit products.

Only in the same period, investment in the stock market or gold products can exceed this rate of return.

YAHOO Finance: Forum press group CEO wants to leave office

The Tribune Co. (Randy Randy) Michaels Co. may resign, so that the deeply troubled media company can focus on getting out of bankruptcy protection rather than CEO's sexism culture.

On Wednesday, the Chicago Tribune (Chicago Tribune) quoted an unnamed insider as saying that the forum newspaper group CEO Randy Michaels would most likely resign from the company's CEO this weekend.

The forum newspaper group said that Randy Michaels and the board of directors of the company have reached an agreement. If the company continues to hold the company, it may cast a shadow over the forum's newspaper industry.

This will pose a great threat for the company to go out of bankruptcy protection.

Thestreet: the credit card giant VISA will raise its dividend by 20%

The international credit card giant VISA said on Wednesday that it will raise its quarterly dividend by 20%.

According to the dividend adjustment plan, ordinary shares investors will receive a dividend of 15 cents per share, before paying 12.5 cents per share.

The new dividend will be paid in December 7th this year.

VISA chairman and CEO Joseph said: "this is the second consecutive increase in dividends of the board of directors of the company. This is mainly to give investors better returns, but also reflects our company's confidence in the future business development. We will continue to work to provide shareholders with a higher cash return.

Financial Times: Morgan Stanley's sharp drop in net profit in the three quarter

Morgan Stanley's net profit in the three quarter was $313 million, which was significantly lower than that in the same period last year. The 6 billion 800 million quarter of the three quarter was also much lower than the 8 billion 500 million US dollars in the same period last year.

In addition, the total salary of Morgan and Stanley in the third quarter was $3 billion 700 million, down sharply from 4 billion 900 million US dollars in the same period in 2009.

Morgan Stanley said the decline in the total remuneration was mainly due to a marked decline in the remuneration cost of its securities business.

In addition, Morgan and Stanley announced on Wednesday that the company will restructure its FrontPoint Partners LLC stake, and the latter's senior management and portfolio manager will have the controlling interest, while Morgan Stanley will continue to hold a minority stake.

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Times: details of UK finance growth plan

Coal India, the world's largest coal miner, had a $3 billion 500 million initial public offering (IPO) on Wednesday, which was 11.6 times oversubscribed on Wednesday.

The IPO of India coal began on Monday and ended on Thursday, the largest IPO in India.

Brokerage data show that the company has received 7 billion 330 million shares of subscription, more than 11.6 times the planned circulation, mainly due to strong demand for financial institutions.

India coal company controls over 80% of India's coal output.

In addition to domestic investors and investment institutions, the IPO is also open to foreign speculators and retail investors.

Most of the investors' bidding prices range from 225 to 245 rupees (about 5 to US $5.5).

New York Times: Microsoft has reached a software agreement with the government of New York

On Wednesday, the New York municipal government reached a software purchase agreement with Microsoft, which contained numerous software purchase plans.

Industry analysts pointed out that these purchase plans will help the New York government to reduce the cost of technology, and enable the government staff to have more modern office equipment.

In this agreement, not dozens of agencies purchased software from Microsoft, but the New York municipal government set up an agreement of 100000 people in the city.

The agreement can save nearly $50 million in the next 5 years.

New York mayor Michael Bloomberg and Microsoft CEO Ballmer announced this cooperation plan on Wednesday at the city hall of the United States, and said that the plan was the first agreement signed by the government and enterprises this year to reach US $20 million.

Wall Street Journal: Apple releases the latest MacBook Air

Apple released the latest MacBook Air ultra-thin notebook on Wednesday.

There are two versions of the computer, 13.3 inch screen and 11.6 inch screen, priced at 999 dollars.

Like earlier products, MacBook Air has no CD-ROM, no CD or DVD, and no hard disk drive. Instead, it uses flash memory, which is the same as iPhone.

The 13.3 inch screen's lifetime can ensure that the web page can be browsed for 7 hours with a standby time of up to 30 days.

The 11.6 inch screen of MacBook Air has a battery life of 5 hours and a standby time of 30 days.

It is reported that the 11.6 inch version of MacBook Air is US $999 (64GB flash) and US $1199 (128GB flash memory); the 13.3 inch version of MacBook Air is US $1299 (128GB flash) and 1599 US dollars.

India times: India coal IPO has been oversubscribed 11.6 times

Coal India, the world's largest coal miner, had a $3 billion 500 million initial public offering (IPO) on Wednesday, which was 11.6 times oversubscribed on Wednesday.

The IPO of India coal began on Monday and ended on Thursday, the largest IPO in India.

Brokerage data show that the company has received 7 billion 330 million shares of subscription, more than 11.6 times the planned circulation, mainly due to strong demand for financial institutions.

India coal company controls more than 80% of India's coal production.

In addition to domestic investors and investment institutions, the IPO is also open to foreign speculators and retail investors.

Most of the investors' bidding prices range from 225 to 245 rupees (about 5 to US $5.5).

Nikkei news: Japan Airlines does not introduce cheap airline business.

Japanese Airlines President Inamori Kazuo (Kazuo Inamori) said at a news conference held by the Japanese Foreign Correspondents Club on Wednesday that Japanese airlines should concentrate their efforts on quality services instead of launching cheap airline business expansion.

Since no decision has been made, Inamori Kazuo retained the possibility of launching low-cost airline business.

He said: "the profitability of Japan Airlines has been restored, but we should avoid expanding the scale."

Japan Airlines is undergoing restructuring under the support of Enterprise Turnaround Initiative Corp., supported by the Japanese government.

In its recovery plan, Japan Airlines said it would consider launching low-cost airline business.