Media

Media Digest 3/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to the head of the FDIC, a “bad bank” system could jumpstart the US economy.

Reuters reports that some economists believe that the US economy will start to rebound in the second half of the year.

Reuters says that the Dow Chemical (DOW) merger with Rohm and Haas (ROH) will now go through.

Reuters reports that Eli Broad who invested in AIG (AIG) has given up hope that the company will recover.

Reuters reports that the US is weighing future aid for Citigroup, if needed.

Reuters reports that Moody’s (MDO) has listed those companies at greatest risk for default.

Reuters reports the Manpower says the global downturn in the job market is continuing.

Reuters reports that the US auto task force met with GM (GM), Chrysler, and the UAW.

The Wall Street Journal reports that Roche is near a deal to buy Genentech (DNA).

The Wall Street Journal reports that the UAW has agreed to concessions to Ford (F).

The Wall Street Journal writes that central bankers in Europe are beginning to see signs of hope that the economy will recover.

The Wall Street Journal reported that oil is rising putting $50 in sight.

The Wall Street Journal reports that airlines are hitting trouble as customers flee.

The Wall Street Journal reports that Sun (JAVA) is seeking new customers for flash-based storage.

The Wall Street Journal reports that the head of IBM (IBM) says that the company will “go on the offensive”.

The Wall Street Journal reports that China consumer prices fell causing concern about deflation.

The Wall Street Journal reports that Bank of America (BAC) keeps saying it is not Citigroup.

The Wall Street Journal reports that US firms in China are bringing down their expectations.

The Wall Street Journal reports that TI (TXN) narrowed its forecast for this quarter.

The Wall Street Journal reports that Palm (PALM) moved to raise cash.

The New York Times reports that investors in biotech companies are losing patience.

The New York Times reports that ‘quants” tried to out smart Wall St.

The New York Times reports that EADS made a profit for the year.

The New York Times reports that short sellers are showing a knack for deals.

The FT reports that Europe rejects a US call for additional stimulus.

The FT reports that Citigroup did well in the first two months of the year.

The FT reports that more concerns have hit the credit markets.

The FT reports that Barclays (BCS) has been warned about toxic asset dumping.

Bloomberg reports that hedge funds may cut 20,000 jobs this year.

Bloomberg reportd that a survey of economists says joblessness will reach 9.4% this year.

Douglas A. McIntyre