Investing

Media Digest 5/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, lenders will object to the Chrysler Chapter 11 filing.

Reuters reports that Switzerland  is asking US a court to halt a case against UBS (UBS).

Reuters reports that SMFG will buy Citiroup’s (C) Japan units for over $5.6 billion.

Reuters writes that Cuomo said that pension kickbacks are a national problem.

Reuters reports that Freddie Mac (FRE) paid 2008 bonuses.

Reuters report that the Bank of America (BAC) board will not oust Ken Lewis.

Reuters reports that The Hartford (HIG) and Met Life (MET) posted losses amid investment problems

Reuters writes that chemical makers posted better-than-expected results due to the strength in agriculture.

Reuters reports that Boeing (BA) is working around the clock to make its 787 test flight.

Reuters reports that McAfee (MFE) beat its estimates.

Reuters reports that Warren Buffett’s Berkshire Hathaway (BRK) expects record crowds at it annual meeting.

The Wall Street Journal reports that consumer spending and the rate of jobless claims fell.

The Wall Street Journal reports that Disney (DIS) will put content onto video site Hulu and take an equity stake.

The Wall Street Journal writes that Exxon Mobil (XOM) is conserving cash as its net fell.

The Wall Street Journal reports that Motorola (MOT) posted a large loss.

The Wall Street Journal reports that consumer thrift hit results at P&G (PG) and Colgate (CL).

The Wall Street Journal reports that Chrysler was pushed into Fiat’s arms.

The Wall Street Journal reports that Oracle (ORCL) is creating new web offerings.

The Wall Street Journal reports that Apple (AAPL) is building its own chip team.

The Wall Street Journal hopes that five year TALF notes will help the real estate market.

The Wall Street Journal reports that Congress may open hearings into the role of Treasury and the Fed in the Bank of America (BAC) buyout of Merrill Lynch.

The Wall Street Journal reports that MBIA (MBI) filed a $5.7 billion claim against Merrill Lynch over soured derivative contracts.

The Wall Street Journal reports that S&P may downgrade the debt of Dubai.

The Wall Street Journal reports that aggressive investors are moving into airline stocks.

The Wall Street Journal reports that netbook leader Asustek Computer is fighting new competition from Hewlett-Packard (HPQ), Dell (DELL), and Acer.

The Wall Street Journal reports that Viacom’s (VIA) net fell 34% due to a weaker ad market.

The Wall Street Journal reports that Kodak (EK) eliminated its dividend.

The Wall Street Journal reports that Hollywood is heading toward a record year.

The New York Times reports that the Senate block a bill to allow judges to mortify mortgages in bankruptcies.

The New York Times reports that the FDA ordered warning label for Botox.

The FT reports that Citigroup’s (C) sale of Nikko will ease its stress test demands.

Bloomberg reports that bank stress test results will be delayed as examiners and banks debate conclusions.

Bloomberg reports that the success of Chrysler’s future may be hurt by a delay in getting Fiat models into the US.

Douglas A. McIntyre