Media Digest 8/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   A bubble may be forming in the corporate bond market.

Reuters:   Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP Morgan (JPM) and Blackstone (BX) could get large fees.

Reuters:   A judge would not approve an SEC settlement with Bank of America (BAC)

Reuters:   The Administration is considering splitting Fannie Mae (FNM) and Freddie Mac (FRE).

Reuters:   The SEC plans a new enforcement unit.

Reuters:   Cisco (CSCO) was cautious about its recovery prospects.

Reuters:   News Corp (NWS) said it would charge for its news sites and expressed displeasure with the Amazon (AMZN) Kindle and its relationship with newspapers.

Reuters:   Monster’s (MNST) only jobs index fell in July.

Reuters:   Las Vegas Sands (LVS) and Wynn (WYNN) IPOs are seen as doing well.

WSJ:   P&G (PG) is creating cheaper detergent to fight the downturn.

WSJ:   Bank of America (BAC) did not disclose $2 billion in Merrill losses just before the deal was approved.

WSJ:   Jobs losses are still hindering the recovery.

WSJ:   The CEO of American Express (AXP) is still concerned about the recovery.

WSJ:   Deutsche Telekom (DT) results were in line with expectations.

WSJ:   Prudential Financial (PRU) ended a string of quarterly losses.

WSJ:   The government says GM will go public before Chrysler.

WSJ:   Google (GOOG) set a deal to buy video compression firm On2 (ONT).

WSJ:   Vonage (VG) posted another deficit.

WSJ:   The Fed may work to extend programs for consumer and business lending.

WSJ:   The Treasury will sell more inflation-adjusted bonds to encourage China purchases.

WSJ:   The CFTC appears ready to impose limits on energy trading.

NYT:   Geithner says small disagreements between regulators should not halt reform.

NYT:   Goldman Sachs (GS) officials are defiant about the firm’s profits.

NYT:   The Administration will provide $2.4 billion for battery development, mostly for electric cars.

NYT:   Toyota (TM) plans a US sports car.

FT:   The SEC is seeking funds for complex investigations.

FT:   Goldman Sachs (GS) has 46 trading days of over $100 million in the last quarter.

FT   Google (GOOG) is set to take on Apple (AAPL) in the China cell phone market.

FT:   China has suffered its largest bank fraud.

Bloomberg:   Hank Greenberg may face SEC charges involving his role at AIG (AIG).

Bloomberg:   The former head of American Express (AXP) may become chairman of AIG.

Douglas A. McIntyre is the former chairman and CEO of On2 Technologies (ONT)

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