Media Digest 5/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters   SEC employees are under investigation for insider trading

Reuters   Treasury has approved several insurance companies for receiving TARP funds

Reuters   GM (GM) is close to a deal with the UAW.

Reuters   Bank of America (BAC) is under pressure from the government to revamp its board.

Reuters   Orders for the Toyota (TM) Prius are increasing.

Reuters   Panasonic posed a record loss and predicted a tough year.

Reuters   Rio Tinto (RTP) says it is committed to the deal allowing Chinalco to make a major investment.

Reuters   Trucker YRC will seek $1 billion in TARP funds.

WSJ   Insurers will get $22 billion of TARP funds.

WSJ   The German GDP posted the largest fall since records began in 1970 based on Q1 figures.

WSJ   Chrysler will close nearly 800 dealers.

WSJ   A  poll of economists shows they think the recovery will be slow.

WSJ   Carlyle and Cuomo reached a deal on pension violations

WSJ   Obama called for credit card reform.

WSJ   Jobless claims rose last week.

WSJ   Hewlett-Packard (HPQ) is betting on touch screen PCs

WSJ   Wal-Mart (WMT) is gaining market share.

WSJ   Sony (SNE) losses are pressuring CEO Stringer.

WSJ   Microsoft (MSFT) will build tech centers in China after assurances on piracy.

WSJ   The housing rescue plan may add provisions for short sales.

WSJ   Barclays (BCS) may sell its asset management unit for $12 billion.

WSJ   Mortgage rates stayed below 5%.

WSJ   Bank recovery signs in Japan are scarce.

WSJ   The New York Times (NYT) may be up for sale in the next year or two.

WSJ   The proxy war at Target (TGT) is heating up.

WSJ   Google’s (GOOG) services were hit by a glitch.

WSJ   The FTC ending its case against Rambus.

WSJ   Blockbuster (BBI) earnings continue to fall.

NYT   Healthcare leaders say Obama overstated their pledges to control costs.

NYT   Hulu challenged measurements of its audience.

FT   Toyota (TM) plans an overhaul of senior management

FT   The Treasury plans help for the muni-bond market.

Bloomberg   Temasek Holdings sold its 3.8% stake in Bank of America (BAC) and probably lost $4.6 billion.

Douglas A. McIntyre