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Media Digest 5/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Central bankers in the US and Europe are battling deflation and inflation simultaneously.
Reuters: GM (GM) is close to bankruptcy but the fate of Opel is still open.
Reuters: Citigroup (C) and the SEC are working on settling charges on an asset disclosure problem.
Reuters: A US plan to buy bad bank assets is in trouble.
Reuters: Despite the recession there is still a large demand for people in certain sectors.
Reuters: The hardest part of the Chrysler bankruptcy is still ahead.
Reuters: The battle between Target (TGT) and Ackerman will come to a head soon.
Reuters: Hedge fund Pequot folded as a SEC investigation drags on.
Reuters: News Corp (NWS) hope to broaden its ad deal with Google (GOOG).
WSJ: The Administration is close to setting up one agency to regulate banks.
WSJ: Time Warner (TWX) is prepared to separate AOL.
WSJ: A sharp drop in factory production is likely.
WSJ: Visteon plans to go into Chapter 11.
WSJ: Positive clinical trials and successful financing are reviving the biotech industry.
WSJ: A Russian will run the country’s energy joint venture with BP (BP).
WSJ: Yahoo! (YHOO) CEO Bartz said a search deal with Microsoft (MSFT) is possible for a large sum of money.
WSJ: Social network sites are expanding their reach.
WSJ: Low prices helped existing home sales.
WSJ: The Fed says that banks cannot use projections of future revenue as a way to cut the money they must raise.
WSJ: Dell (DELL) is moving into service businesses to help earnings.
WSJ: The FDIC painted a dark picture of the future of banks.
WSJ: Bank margins on loan portfolios may not be as good as they seem.
WSJ: Wal-Mart (WMT) is about to export its big box retail approach to India.
WSJ: Slow sales hurt Staples (SPLS).
WSJ: HP (HPQ) is in talks with Chinese cellular carriers about marking PCs there.
NYT: China may be about to set strict vehicle mileage rules.
NYT: Music labels are cutting more friendly deals with small start-ups.
NYT: Geithner will meet with Chinese officials and will try to calm them down over America’s rising debt.
NYT: A management shake-up at Shell is aimed at streamlining decision making.
FT: Opel talks are not completed because of an increase in the amount of money GM wants.
FT: OPEC will leave output unchanged.
FT: Best Buy (BBY) will launch a fund to invest in Internet media.
FT: JP Morgan (JPM) warned of huge credit card write-offs.
Douglas A. McIntyre
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