Media

Media Digest 3/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Roche agreed to buy Genentech (DNA) for $46.8 billion.

Reuters reports that the world economy is shrinking as the G20 meeting approaches.

Reuters reports that US foreclosure filings were up last month.

Reuters writes that Ford’s (F) deal with the UAW cut hourly wages to about $55.

Reuters reports that Twitter is not seeking a merger.

Reuters reports that Cuomo says Merrill may have mislead Congress.

Reuters reports that the World Bank says the global economy will shrink 1.2% this year.

The Wall Street Journal reports that the next big decision is whether insurance companies get bailouts.

The Wall Street Journal reports that Nigeria’s growth is being hurt by lower oil prices.

The Wall Street Journal reports that Obama and Geithner got low grades for running the economy according to a survey by the paper.

The Wall Street Journal reports that the US is seeking a bigger war chest for the IMF.

The Wall Street Journal reports that Ebay (EBAY) is moving back  from online retailing.

The Wall Street Journal reports that Nortel is in talks to sell units to rivals.

The Wall Street Journal writes that Japan’s economic contraction was less than originally thought.

The Wall Street Journal reports that Freddie Mac (FRE) posted at $24 billion loss.

The Wall Street Journal writes that Google (GOOG) will tie ads to web behavior.

The Wall Street Journal reports that Apple (AAPL) introduced a talking iPod.

The Wall Street Journal reports that National Semiconductor will cut staff.

The Wall Street Journal reports that mortgage lenders want a change in the homeowner bailout plan.

The Wall Street Journal reports that joblessness rose sharply in several states.

The Wall Street Journal reports that jobless claims are a good proxy for the recovery.

The Wall Street Journal reports that the recovery will weigh on China’s four big banks.

The Wall Street Journal reports that Fidelity is launching funds for investors who want to avoid some of the market turmoil.

The Wall Street Journal reports that TALF investors are worried about collateral damage.

The Wall Street Journal reports the the government is considering giving Boeing (BA) and Northrup each a part of a US tanker deal.

The Wall Street Journal reports that Toyota (TM) is worried about the health of parts suppliers.

The Wall Street Journal reports that global demand for smartphones is down.

The New York Times reports that Google (GOOG) will release a free phone manager.

The FT writes that the US wants IMF funds to triple.

Bloomberg reports that “Libor creep says credit markets risk freezing on distrust of policy making.”

Douglas A. McIntyre