Investing

Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the days of the CEOs of Bank of America (BAC) and Citigroup (C) may be numbered.

Reuters reports that a deal has been reached to cut Chrysler’s debt but a bankruptcy is still possible.

Reuters reports that Citigroup has sought approval to pay some bonuses.

Reuters writes that Apple (AAPL) may be using the iPhone to play Verizon (VZ) off against AT&T (T)

Reuters reports that the Fed is seen as holding rates and policy steady.

Reuters writes that the SEC will have a unit that will specialize in fraud.

Reuters reports that Sun’s (JAVA) earnings dropped sharply ahead of its buyout by Oracle (ORCL).

The Wall Street Journal writes that Ken Lewis appears to have the votes to stay on the board of Bank of America but could still be voted out as chairman.

The Wall Street Journal reports that key lenders have agreed to a debt swap with Chrysler.

The Wall Street Journal writes that the chairman of Societe Generale is leaving.

The Wall Street Journal reports that Microsoft (MSFT) and Verizon are discussing an Apple (AAPL) iPhone rival.

The Wall Street Journal reports that ArcelorMittal posted a loss.

The Wall Street Journal reports that home prices dropped but the pace slowed.

The Wall Street Journal reports that P&G (PG) is making a bigger play for male customers.

The Wall Street Journal reports that Deutsche Bank (DB) posted strong results.

The Wall Street Journal writes that Cablevision (CVC) has upped speeds for some of it broadband customers.

The Wall Street Journal reports that the new flu virus has spread to four continents.

The Wall Street Journal reports that the Fed may want to keep the yield on 10-year Treasuries under 3%.

The Wall Street Journal reports that losses at E*Trade (ETFC) widened.

The Wall Street Journal reports that a rally in retail stocks faces a tough winter.

The Wall Street Journal reports that Honda  (HMC) posted losses but gave a strong forecast.

The Wall Street Journal reports that IBM (IBM) upped its dividend by 10%.

The Wall Street Journal reports that Sony’s (SNE) Crackle site will increase video offerings.

The Wall Street Journal reports that a Google (GOOG) book search deal is drawing antitrust concerns.

The New York Times reports that more banks that are doing well are resisting the Obama overhaul of the system.

The New York Times reports that the Treasury will give incentives to lending institutions to modify or cancel second mortgages.

The New York Times reports that a key union at The New York Times (NYT) has agreed to pay cuts.

The New York Times reports that a new drug from Dendreon (DNDN) extends the life of prostate cancer victims.

The New York Times reports that a legal case is pitting state bank regulators against the federal government.

The New York Times reports that Pfizer (PFE) profits dropped on falling demand for Lipitor.

The FT reports that Citigroup is scrambling to raise capital and may sell some key units.

The FT reports that AIG (AIG) is trying to avoid credit default risk which could involve $234 billion of derivatives.

The FT reports that the number of commercial mortgages at risk rose sharply.

Bloomberg reports that the government has found at least six of the 19 banks it tested need more money

Bloomberg reports that the US economy is probably still contracting because of cuts in inventory and spending.

Douglas A. McIntyre

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