Media Digest 3/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Print Email

According to Reuters, a number of AIG (AIG) employees gave back their bonuses.

Reuters reports that economist Martin Feldstein said the recession may last well into 2010 and the government may have to put more money into the stimulus package.

Reuters reports that the US is trying to get private investors to buy into it toxic asset program

Reuters reports that Obama is urging G20 leaders to act quickly to stimulate the global economy.

Reuters writes that Google’s (GOOG) deal making habits have been slowed by the recession.

Reuters reports that Goldman Sachs (GS) may bid for the Barclays (BCS) iShares unit.

Reuters writes that the SEC is eying a return of the up-tick rule.

Reuters reports that the IRS is challenging an AIG unit’s tax deals with customers.

Reuters reports that Dell (DELL) says that an IBM (IBM) buyout for Sun (JAVA) would create a business opportunity.

Reuters reports that a Bank of America (BAC) investor has filed to take the chairman’s jobs away from the bank’s CEO.

The Wall Street Journal reports that Goldman Sachs may cut its investment in China bank ICBC.

The Wall Street Journal reports that a new company is creating on-demand video games.

The Wall Street Journal reports that “China called for a new global reserve currency to replace the dollar, expressing discontent with the U.S. economic role.”

The Wall Street Journal reports that Dubai World is suing MGM (MGM).

The Wall Street Journal reports that Sprint (S) is looking beyond cellphones to find customers to use its network for consumer electronics.

The Wall Street Journal reports that drought has turned water into a cash crop.

The Wall Street Journal reports that several oil field companies could issue profit warnings.

The Wall Street Journal reports that international regulators are calling for more regulation of short sellers.

The Wall Street Journal reports that banks are loading up on government backed bonds.

The Wall Street Journal reports that the “Treasury may be trying to revive segments of the securitization market that only existed because of years of easy money, not because their practices and economics were sound.”

The Wall Street Journal writes that Ford (F) has doubled its debt buyback to $1 billion.

The Wall Street Journal reports that customers are delaying picking up prescriptions.

The Wall Street Journal reports that Intel (INTC) is letting workers exchange options.

The Wall Street Journal reports that GE (GE) lost is Triple A rating with Moody’s (MCO)

The Wall Street Journal reports that Cox Enterprises has launched an offer for the part of Cox Radio that it does not own.

The New York Times reports that NAFTA has not produced the result that it intended to.

The New York Times reports that a trustee has found $73 million in Madoff assets.

The FT reports that hedge fund investors may withdraw $200 billion from funds this year.

Bloomberg reports that the Treasury may need to show that its new asset purchase plan works so that ir can go back to Congress for more money.

Bloomberg reports that Toyota (TM) said output plunged 53% to 358,573 vehicles in February from the year-ago period.

Douglas A. McIntyre