Media Digest 7/31/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Banks paid out billions of dollars in bonuses last year while losing money.

Reuters:   The US closed  its car “clunkers” program just as it began as funds ran out.

Reuters:   Obame faces more questions about his health care plan.

Reuters:   A Congressional bill would affect OTC derivative holdings.

Reuters:   Japan announced record deflation.

Reuters:   Ford (F) has slowed the Volvo bidding process to get more money.

Reuters:   Disney (DIS) profits beat Wall St. estimates.

Reuters:   Obama says the recession is slowing sharply.

Reuters:   British Air debt and expenses are falling.

Reuters:   Investors are taking a hard look at Yahoo! (YHOO) after the Microsoft (MSFT) deal was announced.

WSJ:   Companies are looking for modest improvements in business by the end of the year.

WSJ:   Regulators are increasing the number of banks that they put on probation.

WSJ:   Silicon Valley’s jobless are leaving the tech industry.

WSJ:   The rally lifted stocks to 2009 highs.

WSJ:   Asset sales helped Alcatel-Lucent (ALU).

WSJ:   Wii sales dropped and hurt Nintendo.

WSJ:   Retailers are launching Christmas in July sales.

WSJ:   Tough Treasury sales this weak raised questions about whether China is still buying.

WSJ:   Investors should be cautious about the second quarter GDP numbers as an indicator.

WSJ:   Southwest (LUV) made a bid for Frontier Airlines.

WSJ:   Motorola (MOT) posted a profit but cellphone sales kept dropping.

WSJ:   Cablevision (CVC) will spin off Madison Square Garden assets.

NYT:   Marketers are mining offline data and applying it to browsers to created targeted ads.

NYT:   Now that AIG (AIG) has been rescued, it faces ongoing weakness.

NYT:   The fight against corporate and government corruption in India is growing.

NYT:   Merch (MRK) is selling its animal venture stake to Schering-Plough (SGP).

NYT:   A MedImmune swine flu vaccine has proven unexpectedly effective.

NYT:   Profits fell 66% at Exxon Mobil (XOM).

FT:   Lenders won control of Delphi.

FT:   The S&P is near the 1,000 level.

FT:   Jaguar is a test of the UK programs to help manufacturers.

Bloomberg:   China will cut loans to ease a stock market bubble.

Douglas A. McIntyre

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