Media Digest 12/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
December 8, 2008 by Douglas A. McIntyre
According to Reuters, the Senate will return to auto bailout talks this week.
Reuters reports that Merrill Lynch (MER) CEO Thain is seeking his $10 million bonus.
Reuters reports that unsold cars are piling up, including formerly profitable hybrids.
Reuters writes that the Fed’s Kroszner said that banks need to broaden their view of risk.
Reuters reports that 3M (MMM) will cut 1,899 jobs.
Reuters reports that The New York Times (NYT) will borrow against its new building.
Reuters reports that The Tribune Company is filing for a possible bankruptcy.
Reuters reports that UBS (UBS) may cut another 4,500 jobs.
The Wall Street Journal writes that pressure is growing to fire GM (GM) CEO Wagoner.
The Wall Street Journal reports that ad-spending forecasts are glum.
The Wall Street Journal reports that Kroger (KR) is about to post a solid profit.
The Wall Street Journal reports that hedge fund redemptions are picking up speed.
The Wall Street Journal reports that Deutsche Börse held exploratory talks with NYSE Euronext (NYX) about heightened cooperation — including a possible merger — but they ended without success.
The Wall Street Journal reports that HP (HPQ) has announce further plans to integrate EDS.
The Wall Street Journal report that Intel (INTC) say it has made further advances in silicon components.
The Wall Street Journal reports that mayors are lobbying for US bailout money.
The Wall Street Journal reports that venture capital investors are beginning to renege on their obligations.
The New York Times writes that the economic downturn has decimated the market for recycled materials.
The New York Times reports that new data show the recession is likely to be the longest and most severe since WWII.
The New York Times reports that The Big Three have to wrestle with the total cost of the car company bailout which could be as high as $125 billion.
The New York Times reports that Obama warned of further economic pain.
The New York Times reports that online shoppers are spending much less per transaction this year.
The FT reports that private equity firms are being asked by their investors to reduce commitments.
The FT reports that the trouble in Detroit could undermine development of green cars.
The FT writes that video game sales are still bright spots in the US holiday economy.
The FT reports that the number of failed businesses could hit record highs in 2009.
Bloomberg reports that M&A activity may drop 30% next year.
Douglas A. McIntyre
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