Media Digest 10/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The healthcare plan is about to take a step forward in Congress.

Reuters:   The debt swap at CIT (NYSE:CIT) is in trouble and could cause bankruptcy.

Reuters:   Summers says Obama policies saved economy.

Reuters:   Bank of America (NYSE:BAC) has begun to hand over legal documents to authorities.

Reuters:   T-Mobile (NYSE:DT) users are facing a data loss because of Microsoft (NASDAQ:MSFT) server troubles.

Reuters:   China’s super-rich are bouncing back from the crisis.

WSJ:   Cost cuts at American companies are lifting profits but hurting the economy.

WSJ:   Obama has shelved a plan to tax multinational companies up to $200 billion.

WSJ:   There is a plan to link major energy grids in the US.

WSJ:   Insurance companies are pushing back on healthcare legislation.

WSJ:   Regulators are looking at whether high speed trading could hurt markets.

WSJ:   Summers outlined the risks to the recovery.

WSJ:   China is trying to cut steel capacity.

WSJ:   AIG (NYSE:AIG) sold its Taiwan unit for over $2 billion.

WSJ:   The Ghanaian government is divided about giving an oil deal to the Chinese or Exxon (NYSE:XOM)

WSJ:   China Investment Corp is buying financial assets in China and abroad.

WSJ:   Sandisk (NASDAQ:SNDK) upgraded its flash technology.

WSJ:   Intel (NASDAQ:INTC) is likely to remain one of the star NASDAQ companies.

WSJ:   Dendreon (NASDAQ:DNDN) shot up.

WSJ:   Retailers are offering novel gift cards to help sell products.

WSJ:   Bloomberg is the front-runner to buy BusinessWeek (NYSE:MHP)

NYT:   Disney (NYSE:DIS) will overhaul many of its stores.

NYT:   Small businesses are facing tightening credit.

NYT:    Bank of America (NYSE:BAC), GE (NYSE:GE), and other companies are starting ad campaigns about a bright future.

NYT:   The pace of losses is slowing at banks.

NYT:   Fewer viewers are watching shows on DVR.

FT:   JPMorgan (NYSE:JPM) is trying to calm fears about its UK unit.

FT:   The weak US recovery is being blamed on slow demand.

FT: “The US wants to have technology for coal-fired power stations to capture and store their carbon dioxide emissions ready for commercial deployment within a decade.”

Bloomberg: Treasuries are up based on anticipation that retail sales will be slow.

Douglas A. McIntyre