Media Digest 6/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
June 24, 2009 by Douglas A. McIntyre
Reuters: The head of a Congressional watchdog committee is pushing for a consumer protection agency.
Reuters: China defended its export policies against a WTO complaint.
Reuters: Citigroup (C) intends to raise the base pay of key employees.
Reuters: Apple’s (AAPL) Jobs has an excellent prognosis after recent surgery.
Reuters: The Fed will hold off on buying more securities and will probably defer rate hikes.
Reuters: Oracle (ORCL) profit beat forecasts.
Reuters: JP Morgan (JPM) topped a list of bank earnings. (C)((BAC)((HBC)
Reuters: A union owning Morgan Stanley (MS) shares wants the company to review pay hikes.
Reuters: GM will continue work on a plug-in car.
Reuters: Ford (F) and Nissan will get US technology loans.
WSJ: Big oil companies are ready to gamble on Iraq.
WSJ: Obama is showing flexibility on his health plan.
WSJ: Boeing (BA) delayed the launch of its 787 again.
WSJ: The Boston Globe and unions reached a tentative agreement (NYT).
WSJ: Intel (INTC) is making a run at the cellphone business.
WSJ: Medtronic (MDT) said it received a federal subpoena.
WSJ: Builders are working to buy cheap land.
WSJ: Amazon (AMZN) warned California about a new tax bill.
WSJ: Huntman (HUN) settled a suit against Credit Suisse (CS) and Deutsche Bank (DB).
WSJ: Madoff’s lawyer says a 12 year jail term would be fair.
WSJ: Investors may be paying too much for American Express (AXP) stock because of its brand.
WSJ: GM plans more job cuts.
WSJ: Norsk Hydro dropped efforts to buy Asia Aluminum Holdings
NYT: The head of the Fed has argued that the agency should have more financial regulatory power.
NYT: Concerns about protectionism are rising as China stimulates its economy.
NYT: The heads of cable TV companies are trying to protect their video offerings from Internet-delivered content (CVC)(CMCSA)(TWC).
NYT: Palm (PALM) has been slow to open its Pre to application developers.
NYT: Lenders are challenging a Delphi plan to exit bankruptcy.
NYT: A Senate panel said speculators pushed up wheat prices.
FT: MySpace (NWS) cut global growth and staff.
Bloomberg: NYSE (NYX) is losing trades to other exchanges.
Douglas A. McIntyre
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