Media Digest 10/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Aggressive trading in gold in China may be pushing the price of the metal up.
Reuters: Blackstone’s (NYSE:BX) CEO says the worst of the crisis is over.
Reuters: The House has begun to create a financial regulation bill.
Reuters: Intel (NASDAQ:INTC) beat Street estimates.
Reuters: Crude oil hit new highs for 2009.
Reuters: New investors are moving into the battered US housing market.
Reuters: The US pay czar say that AIG (NYSE:AIG) should lower compensation meant to retain employees.
Reuters: Pepsi (NYSE:PEP) and Anheuser-Busch Inbev (BB: BBI) will jointly buy some supplies.
WSJ: Wall St. is on track to have record compensation for employees at its major firms–about $140 billion.
WSJ: E-mails from a Bank of America (NYSE:BAC) director pointed out the actions by the government were making the firm hurt shareholders.
WSJ: The Bank of Japan kept rates unchanged.
WSJ: Bloomberg will buy BusinessWeek from McGraw-Hill (NYSE:MHP)
WSJ: Cisco (NASDAQ:CSCO) will by Starent for $2.9 billion.
WSJ: The Fed’s Kohn sees a tamed inflation risk.
WSJ: The head of CIT (NYSE:CIT) will leave.
WSJ: Samsung is trying to match the success of the Apple (NASDAQ:AAPL) iPhone.
WSJ: The FCC is seeking broad open internet rules.
WSJ: Amazon (NASDAQ:AMZN) is looking to Europe to sell more Kindles.
WSJ: Natural gas futures were hurt when UNG said it may move some money out of the market
WSJ: Intel’s earnings raised hope for PC companies Dell (NASDAQ:DELL) and HP (NYSE:HPQ).
WSJ: Ford (NYSE:F) made a large recall of some of its older cars.
NYT: Pay cuts are occurring more that at any other time since The Great Depression.
NYT: China used the recession to increase its hold on global trade.
NYT: Saudi officials reiterated a call for oil-producing countries to be compensated if rich nations reduce their consumption.
NYT: RIM (NASDAQ:RIMM) is upgrading the Blackberry to give it broader appeal.
NYT: The UAW and Ford reached a tentative agreement.
FT: A decline in China’s trade showed sharply.
FT: RBS may sell 300 branches.
FT: Deep job cuts are giving US companies and edge in profits over EU firms.
Bloomberg: Some Geithner advisors made million from fees paid by Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), and Blackstone (NYSE:BX).
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Douglas A. McIntyre