Media Digest 8/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GE’s (GE) water business may be too small to help earnings.
Reuters: Madoff’s CFO plead guilty.
Reuters: Auto inventories are tight but interest in the “clunkers” program is falling.
Reuters: China formally arrest Rio Tinto (RTP) employees.
Reuters: JP Morgan (JPM) is trying to sell 23 office properties.
Reuters: George Soros says the US economy has bottomed.
Reuters: BHP Billiton’s (BHP) profits beat forecasts.
Reuters: GM claimed remarkable mileage from its Volt electric car.
Reuters: Lender Taylor Bean will probably go bankrupt.
WSJ: A survey of economists showed strong support for Bernanke to be reappointed.
WSJ: US firms are being investigated for a Mexican oil scam.
WSJ: The FDA chief has been accused of a conflict of interest.
WSJ: Electricity prices are dropping sharply with demand.
WSJ: The White House is considering allowing vouchers for the “clunkers” program because of low auto inventories.
WSJ: Nestle posted a small decline in its net.
WSJ: Obama unveiled a derivatives plan.
WSJ: The new RIM (RIMM) Blackberry Curve costs less than other models of the handset.
WSJ: Microsoft (MSFT) reached a deal with Nokia (NOK) to put a version of Office on handsets.
WSJ: Toyota (TM) is still pushing the Prius in China.
WSJ: RealNetworks (RNWK) lost a court case on DVD copying.
WSJ: US productivity rose sharply as companies reduced costs.
WSJ: Atticus Capital will close two large funds.
WSJ: Both output and demand rose in China.
WSJ: Improvement in the US trade gap are likely to end.
WSJ: CIT (CIT) delayed its quarterly filing.
WSJ: Yahoo! (YHOO) is trying to convince Wall St. that it future as a portal is bright.
NYT: China’s incinerators have become a global health hazard.
NYT: Banks in Asia steered clear of complex mortgage instruments.
NYT: Investors sold bank shares ahead of news from the Fed.
FT: Speculation is growing over the turning point in the Dollar’s value.
Bloomberg: A Bloomberg survey of economists expect four quarter of growth of 2% or better and unemployment to rise above 10%.
Douglas A. McIntyre