Media Digest 6/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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Reuters:   A survey shows the global stimulus spending lacks direction.

Reuters:   The race for “green” cars is still wide open.

Reuters:   GM (GM) and Chrysler will face Senate scrutiny are dealer closings.

Reuters:   Bank of America (BAC) and Citigroup (C) are being left behind by healthy rivals.

Reuters:   Obama said it is “make or break” time for healthcare reform.

Reuters:   GM (GM) sold Hummer to a Chinese machinery company.

Reuters:   Visa (V) sees a credit card industry restructuring.

Reuters:   Starbucks (SBUX) is revamping its bakery ingredients.

Reuters:   Nintendo’s chief said his company is still outpacing rivals.

Reuters:   Demand for the Fed consumer program rose to $11.5  billion.

WSJ:   Banks have raised $85 billion making most big financial firms solvent by the government’s definition.

WSJ:   The Congressional move to help dismantle “mark to market” accounting could hurt investors looking at balance sheets.

WSJ:   The SEC wants more disclosure of non-executive pay at public companies.

WSJ:   Car sales showed signs of stabilizing in May.

WSJ:   The government is trying to build a map of where $7 billion in broadband spending should go.

WSJ:   Banks and money managers made a pitch for the value of derivatives.

WSJ:   Microsoft (MSFT) Windows 7 is ready for an October release.

WSJ:   Acer PCs will run Google’s (GOOG) Android operating system.

WSJ:   The US highway fund is low on cash.

WSJ:   Aetna (AET) cut its earnings forecast.

WSJ:   Sony Ericsson is betting on high end phones.

WSJ:   Google (GOOG) is set to sell e-books.

WSJ:   A court sided with Tivo (TIVO in a key patent case.

WSJ:   Headaches await the next TARP chief.

WSJ:   Geithner said China has confidence in US economy.

WSJ:   Gold is heading back to $1,000 an ounce.

WSJ:   A sale of stock by a major Barclays (BCS) holder knocked down the stock.

WSJ:   Bond giant Pimco is expanding.

WSJ:   GM (GM) will keep its units in Brazil and China.

WSJ:   Oracle (ORCL) may move into the netbook market.

WSJ:   Sony (SNE) and Nintendo are pursuing different paths in the game console wars.

WSJ:   New chips can boost solar power.

NYT:   Auto suppliers, who employ more people than Detroit, are being battered by the industry restructuring.

NYT:   Some homeowners do not qualify for government help because their credit is too good.

NYT:   India is still getting a great deal of outsourcing business.

NYT:   The US is looking at antitrust hiring practices at some big tech companies including Yahoo! (YHOO) and Apple (AAPL).

NYT:   The jobless rate rose in Europe.

NYT:   PC touch screens are becoming more popular.

FT:   Facebook is launching its own payment system.

Bloomberg:   The Fed is raising capital standards for banks that want out of TARP.

Douglas A. McIntyre

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