Media Digest (4/9/2012) Reuters, WSJ, NYT, FT, Bloomberg
April 9, 2012 by Douglas A. McIntyre
Sony (NYSE: SNE) to fire 10,000 people as its tries to improve its long-term profit growth. (Nikkei)
The number of U.S. public jobs continues to fall along with tax receipts. (Reuters)
Iraq says political instability is a larger factor in oil prices than supply. (Reuters)
Tens of thousands of AT&T (NYSE: T) union workers will not strike as negotiations continue. (Reuters)
Large companies return to prerecession profit levels, but this does not help employment. (WSJ)
A poor Q1 earnings season may stop the market’s rise. (WSJ)
Strong supply drives down orange juice prices. (WSJ)
Unions will press Audi to honor employment commitments in Europe before starting a plant in North America. (WSJ)
Kodak wants $13.5 million paid to 300 executives to retain them. (WSJ)
HTC profits fall 70% as the appeal of its phones sinks well behind those of Apple (NASDAQ: AAPL) and Samsung. (WSJ)
Emerging market indices fall as the global economy slows because investors go elsewhere. (WSJ)
Costs per click, a signal of marketer health, will be a key part of Google’s (NASDAQ: GOOG) earnings. (WSJ)
Samsung’s huge Q1 profit is driven by a demand for smartphones that has edged demand for the company’s less expensive handsets. (WSJ)
The financial sector probably will have the strongest earnings among the S&P 500. (WSJ)
Federal funds to train the jobless have fallen since 2006 while the number of people who need training rises. (NYT)
Bank debt in Europe becomes a major concern for investors. (NYT)
China’s inflation rises to 3.6% in March because of high food costs. (NYT)
Labor union pension deficits at U.S. companies reach $369 billion, according to Credit Suisse. (FT)
A Bloomberg survey of economists shows expectations of a rebound from the slow March jobs report. (Bloomberg)
Douglas A. McIntyre
