Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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Reuters:   A bear market could kill the extraordinary rally in corporate bonds.

Reuters:   Treasury will announce three more funds are buying toxic assets.

Reuters:   Bank of America (BAC) will select an emergency CEO this week.

Reuters:   Goldman Sachs (GS) is owed $1 billion if CIT (CIT) fails.

Reuters:   The Lehman administrator would like to pay out assets.

Reuters:   A new report says that the government made US banks seemed safer that they were when they received TARP funds.

Reuters:   A US-lead groups wants to buy Volvo.

Reuters:   The IMF made little progress in giving more voting power to emerging nations.

WSJ:   September retail sales will predict holiday activity.

WSJ:   The Lehman administrator would like to pay out $16 billion instead of letting the court handle the process.

WSJ:   Corporations are starting to use bond sales to fund dividends and stock buybacks.

WSJ:   Brocade (BRCD) has put itself up for sale.

WSJ:   CIT’s (CIT) plan to reorganize itself falls short in terms of fixing the company’s lending business.

WSJ:   Tech outsourcing companies want to take over IT functions completely for some companies.

WSJ:   Wal-Mart (WMT) is scaling back its DVD display business.

WSJ:   Government problems and supply issues will slow administration of swine flu vaccine.

WSJ:   There may be no new Las Vegas casino for a decade.

WSJ:   Many lost jobs will never return.

WSJ:   Futures spreads are helping to keep oil higher.

WSJ:   Independent power producers may be hurt by the glut in natural gas.

WSJ:   Wal-Mart (WMT) is planning sales that will hurt rival’s at their bottom lines.

NYT:   The dream of a tablet PC is no longer far away.

NYT:   China is spending billions of dollars to compete with companies like News Corp (NWS) and Time Warner (TWX).

NYT:   A plan by Google (GOOG) to offer ads on high-end phones keeps hitting glitches.

NYT:   A study by the Pew Project for Excellence in Journalism says the press overlooked economic problems of ordinary people.

NYT:   Greenspan sees unemployment rising to 10%.

FT:   Greenspan says growth could pass 3% this quarter.

FT:   The head of HSBC (HBC) is concerned about a second economic downturn.

FT:   The IMF has been told to aid an orderly exit for stimulus packages.

Bloomberg:   Roubini say stocks and commodities have risen too fast too soon.

Douglas A. McIntyre

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