Media Digest 9/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Obama’s move on trade with China makes good on a promise to labor.

Reuters:   Uninsured Americans hope healthcare reform will bring them coverage.

Reuters:   Adobe (ADBE) will buy Omniture for $1.8 billion.

Reuters:   Citigroup (C) is seeing demand from institutional investors.

Reuters:   Lehman says Barclays (BCS) got an $8.2 billlion windfall from a deal between the two firms.

Reuters:   The Wall Street Journal will charge mobile readers.

Reuters:   Facebook is making money and topped 300 million users.

Reuters::   US retail stocks jumped on news of strong retail demand.

Reuters:   Intel (INTC) is preparing for a battle as it moves into mobile chips.

Reuters:   Some top bond funds have gotten back their 2008 losses.

Reuters:   US credit card defaults are up.

WSJ:   Bernanke says that the recession is very likely over.

WSJ:   The court ruling on the Bank of America (BAC) settlement with the SEC could undermine one of the agency’s best tools for regulating public companies.

WSJ:   GM may boost the output of its best selling cars.

WSJ:   Volume is up at online trading firms as day traders return to the market.

WSJ:   The Wells Fargo (WFC) CEO said the Wachovia merger is on track.

WSJ:   States receiving stimulus money will not create as many jobs as expected.

WSJ:   The Financial Stability Board will suggest that bonuses be tied to bank capital levels.

WSJ:   Some Congressional activists who want to audit the Fed actually want to get rid of it.

WSJ:   Best Buy (BBY) forecasts raised hopes for holiday retail sales.

WSJ:   Oracle (ORCL) launched database software that runs on Sum (JAVA) hardware.

WSJ:   Demand for government debt is still holding strong.

WSJ:   Foreign investment in China was up last month.

WSJ:   Blockbuster (BBI) will shut as many as 40% of its stores.

WSJ:   The global airline industry faces $11 billion in losses this year.

WSJ:   CFOs are growing more optimistic about the economy.

WSJ:   Murdoch says the ad market is improving.

NYT:   Wages are up with those who still have jobs.

NYT:   Apple (AAPL) hired a new general counsel.

NYT:   A fight is shaping up over tax credits to buy new homes.

NYT:   New rules may force auto industry fleets to average 35.5 miles per gallon by 2016.

NYT:   Japan Air will cut 6,800 jobs.

FT:   Anadarko (APC) and partners will show that they have found huge oil field along the coast from Ghana to Sierra Leone.

FT:   Magna’s purchase of an interest in Opel may hurt its ties with BMW and VW.

Bloomberg:   Credit default swaps are losing some of their stigma.

Bloomberg:   Greenspan say Congress may hamper the Fed.

Douglas A. McIntyre