Media Digest 7/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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Reuters:   Riots in China show the nation is in flux.

Reuters:   The US is considering mortgage aid for the unemployed.

Reuters:   The June budget gap was $94 billion.

Reuters:   Rattner stepped down from the auto task force.

Reuters:   The spy probe of Rio Tinto (RTP) workers in China grew.

Reuters:   A new consumer agency won’t cause bank fee hikes.

Reuters:   Exxon (XOM) plans investing in making fuel from algae.

Reuters:   Goldman Sachs (GS) execs sold $700 million in stock.

Reuters:   Lawmakers want more information on the Bank of America (BAC) deal to buy Merrill Lynch.

Reuters:   Facebook employees were allowed to sell some stock, valuing the company at $6.5 billion.

Reuters:   Ford (F) and GM rejected $80 billion in bonuses for Visteon management.

WSJ:   The US is in advanced talks to save CIT (CIT).

WSJ:   Fortress is in complex negotiations over $1.5 billion in loans.

WSJ:   Starwood made a bid for Corus.

WSJ:   The EU may step up pay curbs.

WSJ:   The EU plans a major new gas pipeline.

WSJ:   Dell (DELL) says PC sales are still soft.

WSJ:   The US is looking at aid to the auto supply sector.

WSJ:   McGraw-Hill (MGP) may sell BusinessWeek.

WSJ:   Microsoft (MSFT) will offer software online.

WSJ:   Google (GOOG) is betting on online software.

WSJ:   The $1 trillion deficit is complicating Obama’s objectives.

WSJ:   The UK may be slow to sell its shares in major banks.

WSJ:   China is concerned about banks making loans that encourage easy credit and perhaps cause inflation.

WSJ:   The SEC is looking into practices at credit rating firms.

WSJ:   Shares in Goldman Sachs (GS) and JPMorgan (JPM) may be over-bought.

WSJ:   A much-need shake-out in the magazine industry in on the way.

WSJ:   Honda (HMC) will expand its hybrid line-up.

WSJ:   GM played down a bid for Opel from a Chinese auto firm.

WSJ:   Video game maker Take-Two (TTWO) cut forecasts.

WSJ:   Burger King (BKS) is killing plans for a $1 hamburger.

NYT:   Some airline carriers may not survive.

NYT:   Bing has brought credibility to Microsoft’s (MSFT) search efforts.

NYT:   China may be protecting its wind and solar energy businesses from outside competition.

NYT:   The job growth in healthcare is expected to be strong.

NYT:   South Korea says a trade deal with Europe is near.

FT:   In the US, weeds are growing with green shoots.

FT:   The sale of McGraw-Hill’s (MGP) BusinessWeek may bring only $1.

Bloomberg:   The credit default swap market is being investigated by the Justice Department.

Douglas A. McIntyre

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