Investing

Media Digest 6/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP).

Reuters:   US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the TARP.

Reuters:   Countrywide’s Mozilo was charged with fraud.

Reuters:   The suspense is building ahead of one of Apple’s (AAPL) big annual events.

Reuters:   The FDIC wants a management shake-up at Citigroup (C).

Reuters:   GM will provide over $2.5 billion for a private equity firm to take over parts of Delphi.

Reuters:   The Chrysler buyout will head to appeals court.

Reuters:   Nearly 1 of 4 homes for sale have reduced price.

Reuters:   US jobless claims fell and productivity rose.

WSJ:   Steve Jobs appears ready to return to Apple (AAPL).

WSJ:   HSBC (HBC) is facing another round of write-downs as more mortgages default.

WSJ:   Many venture capital managers are leaving their firms, primarily because of the recession.

WSJ:   Tenneco is targeting business in China.

WSJ:   Bids for Qwest’s (Q) long distance business are coming in low.

WSJ:   GM may make changes to its senior management.

WSJ:   Viacom’s (VIA) leader deflected criticism at the company’s annual meeting.

WSJ:   Mobile phone companies are targeting consumers who are usually the key to PC sales.

WSJ:   The White House will appoint an official to make sure companies talking federal money follow exec comp rules.

WSJ:   Energy companies are lobbying Washington for risky but effective drilling techniques.

WSJ:   China is moving to clean up rules at its stock markets.

WSJ:   The CEO of The Hartford (HIG) expects TARP money soon.

WSJ:   A potential default of Latvia debt threatens some European banks.

WSJ:   Japanese car makers are still winning customers in the small and middle-sized vehicles markets.

WSJ:   Icahn won at least one seat on the Biogen (BIIB) board.

WSJ:   Intel (INTC) is moving into the software business.

NYT:   Apple (AAPL) faces new challenges with iPhone competition and stalled Mac sales.

NYT:   Bank of America (BAC) fired its head of risk management.

NYT:   Ratings agencies like Moody’s (MCO) still have the trust of Wall St.

NYT:   A court will hear a case involving AIG (AIG) getting back stock from an affiliated company.

NYT:   Many states says revenues are not keeping up with projections.

FT:   The Fed undermined hopes that it would buy mortgage-backed securities.

FT:   Apple (AAPL) will launch a cut-rate version of the iPhone

Douglas A. McIntyre

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