October 15Th International Financial Media Headlines

Below is Global Each big Media financial headlines :

Bloomberg: Seagate talks on privatization and TPG.

According to two sources, Seagate Technology Plc, the world's largest manufacturer of disk drives, is negotiating with TPG Capital and another merger and acquisition company on the matter of merger and acquisition. Technology Affected by this news, Seagate's shares surged 22% in Thursday's trading. Seagate has earlier confirmed that the company is negotiating on privatization, but has not disclosed the targets involved.

According to sources, Silver Lake, a private equity fund previously negotiated with TPG on the possibility of privatization of Seagate, has not participated in the current negotiations. Needham & Co. analyst Kuegler (Rich Kugele) pointed out that Seagate's involvement in new privatization negotiations is not surprising given that the market is keen on technology companies. At present, the total market value of Seagate is around us $6 billion.

Wall Street Journal: Bank of America will hire 1000 small business bankers

A bank of America executives said on Thursday that the bank will hire 1000 small business bankers across the United States in the fourth quarter of this year.

Joe Price, head of Bank of America consumer and small business banking, said today that these bankers will be responsible for tracking and expanding small business customers with revenues ranging from $250 thousand to $3 million. In the fourth quarter, Bank of America will first engage in its existing offices in Dallas, Losangeles, Baltimore and Washington. It will select experts from small businesses who have already worked in Bank of America branches, and these bankers will continue to focus on small business customers whose income is less than $250 thousand.

Reuters: acquisition rumors boost YAHOO's share price

The share price of Internet giant Yahoo Corp (YHOO) rose sharply in Thursday's trading as a result of news that a number of private equity firms including AOL and Blackstone are considering joint acquisition of YAHOO. News Corp is also among potential bidders.

Driven by this news, YAHOO closed up $0.68 to $15.93 per share on Thursday, up 4.46%. In today's early trading, YAHOO shares rose 9.6% to $16.72 a share, the highest level since the beginning of May.

CNBC: bond demand continues to rise

In recent years, the enthusiasm of bond investors to catch up with risks has been rising. This has enabled enterprises to obtain a large number of low-cost financing opportunities. Considering that the supply of the bond market is insufficient and the reliable alternative investment products are limited, the demand for the bond market is likely to continue. As the Federal Reserve continues to introduce loose monetary policy, the door for banks and enterprises to obtain large amounts of cash at lower cost has been opened, and this is also the purpose of policymakers.

Last month, Santos Australia issued a deep sub permanent bond with an interest rate of 8.25%. Because of the tax reduction effect, the actual cost of issuing Santos bonds is only 6%. If the company financing through equity market, its cost will reach 12%. But at the same time, the prosperity of the bond market has also caused many investors to worry that this is a repeat of the 2007 bond market situation, which means that the risk of the whole market is gradually increasing. {page_break}

　 CNNMoney: US 85% graduates are unemployed.

In the past, getting a degree in the United States usually meant unlimited job opportunities. But now, the high unemployment rate, the unemployment rate of young people between the age of 20 and 24, is close to 15% - making it almost impossible to find a job. Without jobs, these young adults have nowhere to go, but only to go home to work.

According to a survey conducted by Twentysomething Inc., a Philadelphia based marketing and research firm, up to 85% of American college graduates have decided to move home to live with their parents after graduating in May. This proportion is higher than 67% in the 2006 annual survey.

YAHOO Finance: Wells Fargo refuses to suspend Foreclosure

A staff member of Wells Fargo recently said at a hearing that she had signed up to 500 redemption documents per day without reviewing. But after the news was disclosed, Wells Fargo still had no plans to suspend the foreclosure process. The staff member of the San Francisco branch of Wells Fargo pointed out that she signed the redemption documents at the rate of 300 to 500 pieces per day, and only verified the names and titles of these documents.

At present, the Attorney General of 50 States has announced joint investigation into the foreclosure procedure. The prosecutors said mortgage mortgage service providers violated the relevant laws. Up to now, Wells Fargo has not ceased its housing foreclosure program, the company claims that its legal documents do not have any problems. In addition, Wells Fargo said earlier this week that the company will assess its foreclosure procedures to determine if there are any defects. Vickee Adams, a spokesman for Wells Fargo, said: "our records show that the Bank of Adams's foreclosure process is reasonable and accurate."

New York Times: WAL-MART will increase domestic product supply

The global retail giant Wal-Mart Store Inc announced on Thursday a plan to increase cooperation with local suppliers of agricultural products and concentrate on ensuring sustainable supply of agricultural products. This is part of WAL-MART's plan to expand its efforts to improve its environmental benefits with suppliers.

The purpose of the program is to make more Native American food appear in WAL-MART supermarkets. WAL-MART will also increase investment in training and infrastructure for small and medium-sized farmers, especially in emerging markets, and will also measure the efficiency of large suppliers in the marketing of agricultural products and products.

Financial Times: the US trade deficit increased by 8.8% in August.

According to the US Department of Commerce's report released on Thursday, the US trade deficit increased by 8.8% in August 2010, to $46 billion 300 million, higher than the market expected level of $44 billion 100 million, as the growth rate of imports from China reached a record high. The US trade deficit amounted to US $42 billion 600 million in July.

According to the Ministry of Commerce report, the total value of imports from China in August exceeded US $35 billion, a new record high. At the same time, the trade deficit between the United States and China also reached a record of 28 billion dollars in August. Analysts believe that this will provide new evidence for the United States that the renminbi is seriously undervalued, thereby accusing China of unfair trade advantages.