Media Digest 9/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
September 3, 2009 by Douglas A. McIntyreReuters: The sell-off in Chinese stocks may be overdone based on earnings.
Reuters: A report blamed the SEC for not doing its job investigating Madoff.
Reuters: The Fed says the risks to the American economy have dropped.
Reuters: A Pfizer (PFE) whistleblower made more than $51 million.
Reuters: YouTube (GOOG) may stream movie rentals from major studios.
Reuters: Morgan Stanley (MS), Moody’s (MCO), and S&P (MHP) must defend fraud claims involving subprime mortgages.
Reuters: AIG (AIG) board members are concerned about its CEO’s comments to the media.
Reuters: BP (BP) made a huge crude discovery in the Gulf of Mexico.
Reuters: Cerberus will ban withdrawals from its new fund.
Reuters: Berkshire Hathaway (BRK.A) and Leucadia National (LUK) will buy Capmark Financial Group’s mortgage operations.
WSJ: Brazilian beef giant JBS is negotiating a $2.5 billion deal for Pilgrim’s Pride.
WSJ: The WTO is expected to rule that European governments illegally aided Airbus.
WSJ: “Treasury backed away from a standoff over the independence of the watchdog appointed to scrutinize how last year’s $700 billion financial bailout is being spent.”
WSJ: The pace of monthly job losses is slowing.
WSJ: The CFTC and SEC are seeking common ground
WSJ: GM believe that Opel will get aid from three countries in Europe.
WSJ: Cisco (CSCO) and EMC (EMC) may form a joint venture capital unit.
WSJ: Amazon (AMZN) has criticized a legal settlement between Google (GOOG) and book publishers.
WSJ: Nokia (NOK) will sell a premium-priced netbook.
WSJ: The WTO will hand Boeing (BA) a win over Airbus.
WSJ: The former president of Monster (MNST) was sentenced to prison for fraud.
WSJ: The recovery in housing will be uneven.
WSJ: Diane Sawyer will succeed Charles Gibson as anchor of ABC News (DIS).
WSJ: Las Vegas Sands (LVS) raised new capital to help its troubled balance sheet.
WSJ: GM expects 40% growth in China this year.
WSJ: Wal-Mart (WMT) will pay some workers with debit cards.
NYT: Customers of AT&T (T) are angry over the effect the Apple (AAPL) iPhone has on the telecom company’s network.
NYT: As older Americans keep jobs, jobs for the young are harder to find.
NYT: The Administration is proposing larger reserves for banks, which will hurt profits.
FT: Twenty percent of US shoppers are using coupons.
Bloomberg: Sony’s (SNE) music player outsold the Apple (AAPL) iPod in Japan last month.
Douglas A. McIntyre
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