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Walt Disney Co. (NYSE:DIS): Senator Jay Rockefeller (D-WV), Chairman of the Senate Commerce committee, has sharply criticized TV providers for rising cable prices, forced bundling, and retransmission disputes, according to The Washington Post Tuesday afternoon. The Senator added that cable companies should refund payments to consumers who don’t receive channels due to fights over retransmission fees, but Senator Jim DeMint (R-SC) said that the whole broadcasting sector should be deregulated.
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Hewlett-Packard Company’s (NYSE:HPQ) are insured against the possibility of default by debtors, as measured by instruments known as credit default swaps, but the price of doing so has risen notably of late and is now significantly more costly than similar protection on the debt of some large technology peers, says AllThingsD. In addition, it’s likely that this type of movement can negatively impact upon the overall cost of the firm’s financing activities.
JPMorgan Chase & Co. (NYSE:JPM) accumulated billions of dollars in losses resulting from bad trades in its London investment office, but more than a year prior to this, Bank of England officials worried internally about potential risks from some of the office’s activities, and failed to formally alert other regulators, say sources to The Wall Street Journal.
McDonald’s Corp. (NYSE:MCD): The International Monetary Fund reported on Tuesday that China’s economy might be experiencing a soft landing, and that the country is fully able to respond to external macro economic deterioration, according to Xinhua. On the downside, further deterioration of the euro zone could be a “key risk” to China’s outlook.
Investing Insights: Wall St. Brief: Apple PLUNGES After Earnings Miss, Netflix FALLS 17%.
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