Media Digest 11/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
November 12, 2008 by Douglas A. McIntyre
According to Reuters, Chrysler is running out of time and options for staying in business.
Reuters reports that American Express (AXP) is seeking $3.5 billion from the government bailout fund.
Reuters writes that Goldman Sachs (GS) intends to operate as it has in the past even though it is now a bank holding company.
Reuters reports that family homelessness is rising in the US.
Reuters reports that oil is now trading at $59 a barrel.
Reuters reports that Microsoft (MSFT) is near a deal for its search software to run on Verizon (VZ) cellphones.
Reuters reports that the Fed is in discussion about regulating the $33 trillion credit default swaps market.
Reuters writes that ING posted its first ever loss.
Reuters writes that the House Speaker is seeking a bill to bail out auto firms.
Reuters reports that Fannie Mae (FNM) and Freddie Mac (FRE) back easing some of their mortgage restrictions.
Reuters writes the most world leaders back more regulation of the financial markets.
The Wall Street Journal reports that Treasury will ask that in the future institutions raise private equity to go with bailout money from the government
The Wall Street Journal reports that Las Vegas Sands (LVS) took new hits to its financial position.
The Wall Street Journal reports that Apple (AAPL) is setting up it iPhone to compete with the Nintendo DS and Sony Playstation Portable
The Wall Street Journal reports that IBM (IBM) will create broadband that runs over existing power lines.
The Wall Street Journal reports that Google (GOOG) has created a system for tracking the flu bug.
The Wall Street Journal reports that the AIG (AIG) rescue will help banks in the US and overseas.
The Wall Street Journal writes that Vodafone (VOD) cut its sales outlook.
The Wall Street Journal writes that Google (GOOG) is adding audio and video to its e-mail.
The Wall Street Journal reports that the "appetite for new government debt has been robust despite anxiety about possible trillion-dollar budget deficits."
The Wall Street Journal reports that companies in Europe face refinancing $242 billion in debt next year.
The Wall Street Journal reports that short selling fell on NYSE and NASDAQ in late October.
The Wall Street Journal writes that China’s stimulus package did nothing to raise the price of oil.
The New York Times reports that Wall St. turmoil has caused massive cuts in consumer spending.
The New York Times reports that law firms are cutting jobs.
The New York Times say mall owner General Growth (GGP) faces default on its debt.
The FT reports that Bush is resisting a $25 billion bailout for car companies.
The FT writes that Merrill Lynch (MER) sees a prolonged global downturn and compared the current economy to 1929.
Bloomberg reports that China’s retail sales rose a robust 22% last month.
Douglas A. McIntyre
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