Media Digest 11/13/2008 Reuters, WSJ, NYT, FT, Bloomberg
November 13, 2008 by Douglas A. McIntyre
According to Reuters, Japan will supply money to the IMF.
Reuters reports that Citigroup (C) is looking at buying Chevy Chase Bank.
Reuters reports that the US may need to insure wholesale deposits.
Reuters reports that foreclosures rose 25% in October.
Reuters reports that the head of McDonald’s (MCD) said that the company was well positioned for a recession.
Reuters reports that retailers are seeing more returns of merchandise.
Reuters reports that private equity firms see a grim future for their businesses.
Reuters writes that Intel’s (INTC) earnings warning is an alarm for the tech sector.
The Wall Street Journal writes that Citigroup may replace its chairman.
The Wall Street Journal reports the Senate Republicans are against a Detroit bailout.
The Wall Street Journal reports that Germany has slipped into recession.
The Wall Street Journal writes that New York State has begun looking into the activities of credit default swaps brokers.
The Wall Street Journal writes that Siemens (SI) posted a wider net loss.
The Wall Street Journal reports that the government will back some GE (GE) financial assets.
The Wall Street Journal reports that AMD (AMD) is putting hopes for its future on a new chip.
The Wall Street Journal reports that Qualcomm (QCOM) is pushing its business beyond cellphones.
The Wall Street Journal reports that Best Buy (BBY) warned on earnings.
The Wall Street Journal reports that Morgan Stanley (MS) will make large job cuts.
The Wall Street Journal writes that Microsoft (MSFT) will revamp its online offerings to fight competition.
The Wall Street Journal reports that the $700 billion bailout will now focus on consumers.
The Wall Street Journal reports that the recession may pinch even Wal-Mart (WMT).
The Wall Street Journal reports that "Citic Pacific agreed to a $1.5 billion loan pact that will put it under greater control of its state-controlled mainland China parent"
The Wall Street Journal reports that the SEC wants to limits conflicts of interest at credit rating agencies.
The Wall Street Journal reports that Nasdaq hit a five-year low.
The Wall Street Journal reports that airlines stocks are no longer trading based on the price of oil.
The Wall Street Journal reports that Google’s (GOOG) YouTube will sell video ads for searches.
The Wall Street Journal reports that Anheuser Busch (BUD) approved an InBev takeover.
The New York Times reports that a GM (GM) bankruptcy may be better than a bailout.
The New York Times reports that life insurance companies face cuts in their credit ratings.
The New York Times reports that retirees are trying to cope with falling portfolios.
The FT reports that US regulators are pressuring banks with high dividends.
The FT reports that financial sector losses from the credit crisis are now close to $1 trillion.
The FT reports that property prices in Dubai are plummeting.
Bloomberg reports that BT (BT) plans to cut 10,000 jobs.
Bloomberg reports that oil fell to $55
Douglas A. McIntyre
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