Media Digest (10/31/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The US economy is stable but risks remain according to Geithner.

Reuters:   JPMorgan (NYSE:JPM) raised concerns about Galleon in 2001.

Reuters:   As many as five million Americans have been infected with H1N1.

Reuters:   Sony (NYSE:SNE) posted a fourth straight quarterly loss.

Reuters:   CIT (NYSE:CIT) is seen filing for bankrupcy soon.

Reuters:   A House committee has approved a consumer advocacy agency.

WSJ:   Consumer spending is unlikely to keep the pace of Q3.

WSJ:   Samsung’s profit more than tripled.

WSJ:   The House healthcare bill will be tough on drugmakers’ financials.

WSJ:   A book price war including Amazon (NYSE:AMZN) and Wal-Mart (NYSE:WMT) has caused the companies to limit the copies they sell to keep small booksellers from taking advantage of the prices.

WSJ:   The government is looking at increasing its ability to shrink large banks that may face financial problems.

WSJ:   Citadel is allowing investors to pull out funds.

WSJ:   Blackstone (NYSE:BX) launched a Shanghai investment unit.

WSJ:   Intel (NASDAQ:INTC) sees an improvement in business spending.

WSJ:   The stimulus fueled much of the Q3 expansion.

WSJ:   Swiss banks are losing their richest European clients.

WSJ:   Chinese-made turbines will power a large US wind farm.

WSJ:   Investors are worried about Nintendo’s next move as Wii sales drop.

WSJ:   The Apple (NASDAQ:AAPL) iPhone will carry a very high price in China.

NYT:   The head of the FDIC criticized plans by the White House to unwind large banks.

NYT:   The IMF raised its forecast for growth in Asia.

NYT:   Time, Inc (NYSE:TWX) is expected to make large layoffs to cut $100 million in costs.

FT:   China and the US are working to cut tensions over trade.

Bloomberg:   Bankers expect rising bonus pay to hit an annual record.

Bloomberg:   Alcatel-Lucent’s (NYSE:ALU) loss rose.

Douglas A. McIntyre