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Media Digest 9/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The sell-off in Chinese stocks may be overdone based on earnings. Reuters:   A report blamed the SEC for not doing its job investigating Madoff. Reuters:   The Fed says the ...
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Warren Buffett Isn’t The Answer For CIT (CIT, BRK-A, LUK)

Here comes another weekend, and here comes another round of questions about the fate of CIT Group, Inc. (NYSE: CIT).  While there were reports that Warren Buffett via Berkshire Hathaway ...
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Jefferies Saves Miserable Quarter With Financing Package (JEF, LUK)

Jefferies Group, Inc. (NYSE: JEF) has posted some ugly earnings this morning and it has announced a financing package.  Jefferies posted a net loss of $60.5 million, or -$0.43 EPS ...
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