Media Digest 2/8/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: Former Merrill CEO John Thain was named CEO of CIT (NYSE:CIT)

Reuters:   Toyota (NYSE:TM) is preparing a global Prius recall.

Reuters:   Private equity firms are bracing for a tax battle.

Reuters:   Goldman Sachs (NYSE:GS) demands for insurance payouts hurt AIG (NYSE:AIG)

Reuters:   JAL will keep its alliance with American (NYSE:AMR) and end talks with Delta (NYSE:DAL).

WSJ:   The Fed will lay out a plan to begin to tighten as the economy recovers.

WSJ:   Troubles in Greece are still hurting global stock markets.

WSJ:   IBM (NYSE:IBM) launched a powerful new chip and high-end servers.

WSJ:   Geithner defended the US bond rating.

WSJ:   The CEO of SAP (NYSE:SAP) resigned.

WSJ:   Amazon (NYSE:AMZN) and Macmillan settled their book dispute.

WSJ:   T-Mobile may have an IPO.

WSJ:   The Canadian housing rebound may cause a bubble.

WSJ:   Toyota began to fix pedals in Europe six months before a US recall.

WSJ:   Lincoln and The Hartford are still facing skeptics as they begin to recover and may make TARP payments.

WSJ:   The Mortgage Bankers Association sold its headquarters for much less than it paid.

WSJ:   Auctions of US Treasuries are still being done at low interest rates.

WSJ:   E*Trade (NASDAQ:ETFC) joined discount broker price wars.

WSJ:   Regional banks like PNC may have to substantially dilute shareholders to pay back TARP money.

NYT:   The European monetary union has trouble because it lacks a political arm.

NYT:   Toyota (NYSE:TM) will recal over 300,000 Prius models.

NYT:   Book companies and others who sell products online are taking more control over pricing.

FT:   Obama will hold a televised healthcare summit.

Bloomberg:   Corporate bond yields widened the most since November.

Douglas A. McIntyre