Media Digest 6/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Supreme Court was asked to block Chrysler sale.

Reuters:   China bankers called for US sales of yuan bonds.

Reuters:   IATA says global airline losses will hit $9 billion.

Reuters:   Soros says China influence growing faster than expected.

Reuters:   The dwindling US bailout fund to get money back from large banks to help buy toxic assets.

Reuters:   Creditors may get hold of Tribune Co. papers.

Reuters:   Fidelity will sell shares in the KKR IPO.

Reuters:   The return of Steve Jobs may move Apple (AAPL) shares up.

Reuters:   Back-to-school shopping will test retail strength.

WSJ:   China told PC makers that they must ship computers with web-blocking software.

WSJ:   Investors are preparing for a good second half of the year in the markets, but the economy may not help.

WSJ:   The US coal reserves may be smaller than expected.

WSJ:   Banks are awaiting federal approval of their money-raising efforts and balance sheet improvements.

WSJ:   Ford (F) will face tougher rivals in GM and Chrysler.

WSJ:   Firms are cutting India centers to save costs.

WSJ:   Chinese television makers will buy $4.4 billion in Taiwan flat screen TVs.

WSJ:   The airline industry may need a shakeout (AMR)(DAL)(UAUA).

WSJ:   Investors are putting money into small, risky markets.

WSJ:   Credit default swaps show Glenworth’s share may have run up too much.

WSJ:   Rising oil prices are seen by some experts as a repeat of the run-up in 2008.

WSJ:   Fewer firms are filing for IPOs.

WSJ:   Despite fairly good results, cable company stock still trade near lows.

NYT:   The US could begin to regulate executive pay.

NYT:   Madoff victims was an overhaul of the claims process.

NYT:   Barclays (BCS) may sell its asset unit to Blackrock (BLK)

NYT:   Start-ups that sell apps are being acquired for steady revenue streams.

NYT:   A 20% drop in DVD weight is expected to help the environment.

NYT:   The Palm (PALM) Pre brought in good shopping crowds.

FT:   Doubts are emerging over a US plan to buy toxic banks assets.

Bloomberg:   Citigroup (C) will probably get Treasury approval for conversions of its preferred shares.

Bloomberg:   The head of Shell says oil prices will spike without new investment in exploration and production.

Bloomberg:   Sales of common equity will dilute corporate profits as dividends drop the most since 1938.

Douglas A. McIntyre