Media Digest 10/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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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