Media

Media Digest 1/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

NewspaperAccording to Reuters, Republican may keep fighting Obama on the stimulus package.

Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion.

Reuters writes that the Administration will release its plans to fix banks next week.

Reuters reports that NYS Attorney General Cuomo may try to get back $4 billion in Merrill Lynch bonuses.

Reuters reports that some former Merrill executives had stakes in Madoff’s funds,

Reuters says experts expect Q4 GDP to be the worst in 26 years.

Reuters reports that Honda (HMC) earnings dropped and Toyota (TM) expects a large loss.

Reuters reports that Fannie Mae (FNM) is near a deal to modify mortgages.

Reuters reports that the cost to save US banks may go into the trillions of dollars.

Reuters reports that taxpayer interests clash with bank interests in the creation of a “bad bank”

The Wall Street Journal reports that the Administration may buy some bank assets while guaranteeing others to help protect tax papers.

The Wall Street Journal reports that Dell (DELL) is ready to launch a smartphone.

The Wall Street Journal reports that capital spending keep falling.

The Wall Street Journal reports that sales at Amazon (AMZN) surged.

The Wall Street Journal reports that Morgan Stanley (MS) may cut 5% of staff.

The Wall Street Journal reports that bad car sales are hurting industry innovation.

The Wall Street Journal reports that airlines are losing more money.

The Wall Street Journal reports that Ford (F) losses are pressuring the company on bailout funding.

The Wall Street Journal writes that Kodak (EK) resumed job cuts.

The Wall Street Journal reports that “defaults are rising for adjustable-rate mortgages, threatening to worsen problems for housing lenders.”

The Wall Street Journal reports that the government may give credits to people who trade in old cars for new ones.

The Wall Street Journal reports that consumer cutback on insurance are hurting industry companies.

The Wall Street Journal reports that prime loans and credit card loans are now considered toxic assets.

The Wall Street Journal reports that Ford (F) is draining its credit line.

The Wall Street Journal writes tat Whole Foods (WFMI) is not in talks with the government over its purchase of Wild Oats.

The Wall Street Journal reports that Sony’s (SNE) net plunged.

The Wall Street Journal reports that Nintendo cut forecasts for Wii sales.

The Wall Street Journal reports that 3M (MMM) will cut spending.

The Wall Street Journal reports that Altria (MO) cut its share buyback

The Wall Street Journal reports that Colgate (CL) posed strong earnings.

The New York Times reports that nations are worried about US spending on its stimulus package and where it will get the money.

The New York Times reports that some Senators want the SEC to regulate hedge funds.

The FT reports that Japanese production fell almost 10%.

Bloomberg reports that Pfizer (PFE) will pay a $4.5 billion breakup fee if it does not close its deal with Wyeth (WYE).

Douglas A. McIntyre