Media Digest 10/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   GM says most of its cost cutting is done and its sales chief left.

Reuters:   Spot gold hit a record above $1,050.

Reuters:   The Senate healthcare bill weighs in at $829 billion.

Reuters:   Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS

Reuters:   Alcoa (NYSE:AA) had a surprise quarterly profit.

Reuters:   ECB will hold rates and cautioned on the recovery.

Reuters:   The Justice Department opened an IBM (NYSE:IBM) antitrust probe.

Reuters:   BlackRock (NYSE:BLK) is competing for a role in rating risk.

Reuters:   “Dark pools” of capital are outpacing regulation according to experts.

Reuters:   As bonds improve Wall St. is hiring some fixed income people back.

Reuters:   Starbucks (NASDAQ:SBUX) sued an executive who left for Dunkin’ Donuts.

WSJ:   Consumer credit outstanding dropped 12% in August, a trend that could hurt the recovery.

WSJ:   The UK is blocking to stop the TicketMaster (NASDAQ:TKTM) buyout of Live Nation (NYSE:LYV).

WSJ:   Retail vacancies hit 20-year highs.

WSJ:   The management at Citigroup (NYSE:C) got good reviews from an outside consulting firm.

WSJ:   The FCC is eying airwave growth for the cellular industry.

WSJ:   The EU says it can settle the Microsoft (NASDAQ:MSFT) antitrust case by year end.

WSJ:   Google (NASDAQ:GOOG) will submit an amended digital book pact.

WSJ:   Qualcomm (NASDAQ:QCOM) unveiled a pocket TV player.

WSJ:   HSBC (NYSE:HBC) is interested in buying certain RBC assets.

WSJ:   Regulators are worried that laws regulating over the counter derivatives are too lax.

WSJ:   Banks will probably report shrinking earnings and higher loan losses for last quarter.

WSJ:   An offering of $20 billion in 10-year Treasuries did well.

WSJ:   The new Skype (NASDAQ:EBAY) application for the Apple (NASDAQ:AAPL) could hurt AT&T (NYSE:T) wireless income.

WSJ:   Ford (NYSE:F) is stepping up its ad campaign.

NYT:   A large shareholder wants Bank of America (NYSE:BAC) to replace its CEO with an outsider.

FT; Obama is under pressure on the falling dollar.

Bloomberg:   Earnings estimates for Deutsche Bank (NYSE:DB) and Credit Suisse (NYSE:CS) were raised by Morgan Stanley (NYSE:MS).

Douglas A. McIntyre

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