Media

Media Digest (10/16/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results.

Reuters:   Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay.

Reuters:   Japan Airlines says bankruptcy is an option to solving its problems.

Reuters:   Soros says US economy will drag on world growth.

Reuters:   A Congressional committee approved rules for over-the-counter derivatives.

Reuters:   Wasserstein’s death will result in a $186 million payment for restricted stock.

Reuters:   Goldman Sachs (NYSE:GS) will devote a smaller part of revenue to compensation to help quiet critics.

Reuters:   The Fed’s Fisher said rates would stay low and inflation is not a risk.

WSJ:   Wal-Mart (NYSE:WMT) will push Amazon’s (NASDAQ:AMZN) book initiative by offering $10 online deals.

WSJ:   The US is resisting a merger between Live Nation (NYSE:LYV) and TicketMaster (NASDAQ:TKTM)

WSJ:   The loss widened at Sony Ericsson (NYSE:SNE) (NASDAQ:ERIC)

WSJ:   Construction may rebound in 2010.

WSJ:   The Consumer Product Safety Commission will ask China to pay for some of the repairs to home using drywall made in the country.

WSJ:   AMD (NYSE:AMD) posted a small-than-expected loss and Nokia (NYSE:NOK) results were hit by write-offs.

WSJ:   China will probably not support sanctions on Iran.

WSJ:   AIG (NYSE:AIG) will post a loss on the sale of its Taiwan unit.

WSJ:   Profits at Schwab (NASDAQ:SCHW) fell.

WSJ:   Profit margin that measures interest income on a bank’s assets was bad at Citigroup (NYSE:C).

WSJ:   Gap (NYSE:GPS) will open a store in China.

NYT:   Airlines are increasing fares for holiday travel.

NYT:   Some analysts do not see the improvement in earnings at IBM and Google as a sign of a tech turnaround.

NYT:   Federal jobs programs are missing many states that need them most.

NYT:   Ad revenue at McClatchy (NYSE:MNI) declined.

FT:   The Treasury stopped short of saying China manipulates its currency

Bloomberg:   LBOs are making a comeback cutting financing costs for Blackstone (NYSE:BX).

Douglas A. McIntyre

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