Media Digest 1/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
January 20, 2009 by Douglas A. McIntyre
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership.
Reuters reports that Carlos Slim will invest $250 million in The New York Times.
Reuters writes that China is weighing caution in the shadow of the US.
Reuters writes that RBS (RBS) had a record loss and its shares were pummeled.
Reuters reports that BMW may apply to the state for aid.
Reuters reports that the grandson of Toyota’s (TM) founder will take over.
Reuters reports that Blackstone (BX) lost money investing in India.
Reuters reports that Cisco (CSCO) will begin selling servers.
Reuters writes that AIG’s (AIG) investment chief is leaving.
Reuters reports that the ECB is cautious on rates now the the EU is in recession.
Reuters reports that Russia says its gas flow to Europe is restarting.
The Wall Street Journal reports that Fiat is near a deal to buy 35% of Chrysler with that number possibly going to 55%.
The Wall Street Journal reports that some of the architects of the Merrill Lynch sale to Bank of America (BAC) are coming under fire.
The Wall Street Journal reports that IBM (IBM) may face antitrust issues with the EU.
The Wall Street Journal reports that the Fed is trying to figure out how to handle new risks in the economy.
The Wall Street Journal reports that a new set of tensions have emerged at Fannie Mae (FNM) and Freddie Mac (FRE) as they try to serve taxpayers and the housing markets.
The Wall Street Journal reports that Elizabeth Arden and Estee Lauder cut forecasts.
The Wall Street Journal reports that marketers are looking beyond search engines to sell products and services.
The Wall Street Journal reports that Korean funds are considering selling US Treasuries.
The Wall Street Journal reports that China is about to become a net importer of coffee.
The New York Times reports that lines of credit for home builders are no longer based on payment history but on risk analysis.
The New York Times reports that the Satyam scandal has raised concerns in India that corruption is part of the business culture.
The New York Times reports that some regulators want certain important drugs made and stored in the US.
The FT reports that Bank of America could cut another 4,000 jobs.
Bloomberg reports that RBS (RBS) will be a test case for creeping nationalization.
Bloomberg reports that the Treasury will demand that banks provide lending data.
Bloomberg reports that crude oil prices fell below $35 on falling demand.
Douglas A. McIntyre
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