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).

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

Douglas A. McIntyre