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Best of the Blogs: This Time It's Facebook Vs. Yahoo


Minyanville's daily roundup of some of the best financial commentary from around the web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
"This is getting ugly. Just three weeks after after Yahoo filed a patent infringement lawsuit against Facebook, the social giant struck back on Tuesday with a counterclaim alleging Yahoo is infringing on 10 of Facebook's own software patents. 'From the outset, we said we would defend ourselves vigorously against Yahoo's lawsuit, and today we filed our answer as well as counterclaims against Yahoo for infringing ten of Facebook's patents,' said Ted Ullyot, general counsel of Facebook, in a statement. 'While we are asserting patent claims of our own, we do so in response to Yahoo's short-sighted decision to attack one of its partners and prioritize litigation over innovation.'" (For related content, see You Decide: 11 Game-Changing Copyright Cases.)
China Real Time Report
"After wreaking havoc on the Federal Trade Commission earlier this year, the global hacker group Anonymous appears to have turned its attention to the U.S.'s largest trading partner. A handful of local Chinese government websites and several dozen websites belonging to Chinese companies and other groups appear to have been compromised over the past few days, many of them defaced with a message, accompanied by The Who's 'Baba O'Riley,' saying the sites were hacked by Anonymous." (Also read Anonymous Hacks Tear Gas Company.)
"In previous posts I have showed how women who are heads of households and spouses have had different labor market experiences since 2007 depending on their marital status. Employment rates fell more for unmarried women, largely because they returned to work more slowly after layoffs than married women did."
The Capital Spectator
"Inflation may be mild and falling, but that doesn't stop anyone from worrying. A new survey by MFS Investment Management, for instance, reports that investors are more concerned about inflation over the next 12 months compared with their financial advisors. Sixty percent of investors surveyed say they're worried about rising inflation over the next 12 months, according to the MFS Investing Sentiment Survey. Conversely, only 41% of financial advisors think that rising inflation is a concern for investors in the year ahead." (Also read TIPS Market: How Distorted Inflation Breakeven Signals Put Investments at Risk.)
Deal Book
"When Lehman Brothers collapsed at the height of the financial crisis, JPMorgan Chase was at the center of the storm. The bank was a major lender to the firm, which filed the biggest bankruptcy in United States history. Now, more than three years later, regulators are set to penalize JPMorgan for actions tied to Lehman's demise, according to people briefed on the matter. It will be the first federal enforcement case to stem from Lehman's downfall."

Twitter: @Minyanville

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No positions in stocks mentioned.

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