Jon Friedman’s Media Web: A modest proposal for the Washington Post
Tuesday, July 14th, 2009The Washington Post is getting a bit desperate these days.

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Jon Friedman’s Media Web: A modest proposal for the Washington Post
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| The News You Need Before You Need It |
The Washington Post is getting a bit desperate these days.

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Jon Friedman’s Media Web: A modest proposal for the Washington Post
In Chapter 6 of “Memoirs of a Minyan,” Todd Harrison recounts how his move from Wall Street powerhouse Morgan Stanley to an up-and-coming hedge fund came with a rude awakening about pay disparity between partners and associates.

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Todd Harrison’s Memoirs of a Minyan: Rude awakening with move to a hedge fund
Executives at all 16 Chinese steel mills participating in iron ore sourcing talks were allegedly bribed by Rio Tinto employees, the China Daily newspaper reports, citing a claim by an unidentified industry insider.

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Rio Tinto staff bribed China executives: report
Among the companies whose shares are expected to see active trade in Wednesday’s session are Abbott Laboratories, AMR Corp., Cintas Corp., Crown Holdings Inc., Gannett Co., Texas Industries Inc., W.W. Grainger Inc., Wolverine World Wide Inc., Worthington Industries Inc

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Stocks to Watch: Stocks in focus for Wednesday
Gary Black, whose efforts to streamline Janus Capital Group Inc. brought some success and considerable controversy, has stepped down as chief executive of the mutual-fund company.

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FundWatch: Janus CEO leaves with changes incomplete
Credit-card issuers increasingly are moving consumers into variable-rate cards rather than fixed-rate ones, due in part to the new credit-card law slated to go into effect.

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Andrea Coombes’ Ways and Means: Say goodbye to fixed-rate credit cards
The world’s biggest chipmaker post stronger-than-expected sales for the second quarter and issued a formal outlook for the first time in two quarters.

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After Hours: Intel pops 8% in late trades; Janus falls
The chip giant reports a second-quarter loss, stung by a major fine imposed by the European Union.

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Intel tops estimates despite loss due to E.U. fine
Comments from world’s largest chip maker about the second half of the year are likely to provide a much-needed shot in the tech sector’s arm.

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MarketWatch First Take: Intel gives hopeful news to the tech sector
The troubles and possible bankruptcy of CIT sends shock waves through the apparel sector, where CIT is a major source of financing for small to midsize businesses.
