Media Digest 2/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According, to Reuters, GM (GM) and Chrysler have asked for another $22 billion.

Reuters reports that the SEC has charged Alan Stamford with “massive fraud.”

Reuters reports that Trump’s image is being hurt by the bankruptcy of his casino company.

Reuters writes that Greenspan says this is the worst recession since the 1930s.

Reuters reports that Wal-Mart has cut the price of its prepaid money card.

Reuters reports that GE (GE) CEO Jeff Immelt will forgo a $12 million bonus.

Reuters reports that Berkshire Hathaway (BRK) sold part of its interest in J&J (JNJ) and Procter & Gamble (PG).

Reuters reports that Wilbur Ross would be interested in a US toxic fund.

Reuters writes that McDonald’s (MCD) may add 500 stores in China in the next three years.

Reuters reports that Societe Generale posted a profit but sees a hard 2009.

The New York Times reports that GM (GM) plans to cut 47,000 people.

The New York Times writes that Starbucks (SBUX) will sell instant coffee.

The New York Times reports that Wal-Mart (WMT) has been able to beat a hard economy.

The New York Times report that the DJIA is challenging the lows it set last fall.

The New York Times reports that currency issues are hitting Eastern Europe.

The FT reports that Greenspan backs the nationalization of some banks.

The FT reports that Obama will try to cut the risk of foreclosures.

Bloomberg reports that Buffett is moving money into fixed income.

The Wall Street Journal reports that some US banks have heavy exposure in troubled Eastern Europe.

The Wall Street Journal reports that HP’s HPQ) exposure to PCs may hurt the company.

The Wall Street Journal reports that accounting firms that missed the Madoff fraud may be liable.

The Wall Street Journal reports that China will loan two Russian energy firms $25 billion in exchange for access to oil.

The Wall Street Journal reports that the Treasury will sell $71 billion in new securities.

The Wall Street Journal reports that the Singapore government fund lost $33 billion.

The Wall Street Journal reports that gold jumped to $967, near a record.

The Wall Street Journal reports that Kraft (KFT) and General Mills are working together to get better retail display.

The Wall Street Journal reports that Malone pulled Sirius (SIRI) from the brink of bankruptcy.

The Wall Street Journal reports that Honda (HMC) sales are improving in China.

The Wall Street Journal reports that the local internet ad market is falling.

The Wall Street Journal reports that GE (GE) will lose its Aaa rating.

The Wall Street Journal reports that Nokia (NOK) and Qualcomm (QCOM) will team up to attack the US market.

Douglas A. McIntyre