Media Digest (3/4/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Senate rejected a plan to send $250 to the elderly.

Reuters:   Obama is still pushing the Volcker rule.

Reuters:   The Facebook CEO is in no rush for an IPO.

Reuters:   Toyota (TM) was sued over deaths in a California crash.

WSJ:   American companies are beginning to use their huge cash balances to do M&A.

WSJ:   The Fed Beige Book showed some improvement in the economy.

WSJ:   Citigroup’s (C) CEO Pandit will return to Washington to face questions about the bank’s progress.

WSJ:   The head of Wells Fargo (WFC) made over $21 million last year.

WSJ:   IBM (IBM) claimed a major advance in chip technology.

WSJ:   Pfizer (PFE) plans a bid for Ratiopharma.

WSJ:   Apple’s (AAPL) suit against HTC could hurt the smaller company’s chances of being competitive in handsets.

WSJ:   There is a threat of deflation in the US which should allow the Fed to keep rates low.

WSJ:   Novell (NOVL) moved up on a buyout bid.

WSJ:   The CEO of Northrup (NOC) must decide whether to bid on an Air Force tanker of let it go to Boeing (BA).

WSJ:   GM’s vice chairman Robert Lutz will retire.

WSJ:   British Air is preparing for a strike.

NYT:   Traders are looking for Europe debt outside of Greece to make bets.

NYT:  More and more M&A deals are being done involving companies in the developing world.

NYT:   Sanofi is having success with a prostate cancer treatment.

NYT:   The government has received reports of cars that accelerated unintentionally after Toyota (TM) repairs.

FT:   Greece may turn to the IMF for some funds.

FT:   Law enforcement officials shut down the Mariposa botnet which was taking financial information from hundreds of countries.

FT:   The FDA charged Nestle and others with misleading claims for certain foods.

Bloomberg:   A plea for aid by Greece to Germany was shot down by the German government.

Douglas A. McIntyre