Media Digest 10/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   UBS (NYSE:UBS) will put in a new US chief.

Reuters:   Goldman Sachs (NYSE:GS) says “dark pools” help investors.

Reuters:   The US is welcoming the rise of the yuan.

Retuers:   Nelson Peltz’s board seat at Legg Mason (NYSE:LM) may not signal change.

Reuters:   Bill Gross of PIMCO says the end of Federal programs to buy back debt could pressure bond markets.

Reuters:   Baidu (NASDQ:BIDU) was hurt by changes in its ad system and shares fell.

WSJ:   The turnaround at Chrysler will be based on Fiat models.

WSJ:   A new IRS unit will focus on complex financial structures of the wealthy.

WSJ:   Honda’s (NYSE:HMC) earnings beat expectations.

WSJ:   Continental’s (NYSE:CAL) switch to the Star Alliance airline program increases chances it will merge with United (NASDAQ:UAUA).

WSJ:   The House will begin to work out plans for financial firms that are “too big to fail.”

WSJ:   Dodd wants a rate freeze on certain credit card balances.

WSJ:   Canon’s profits fell on low demand.

WSJ:   Nokia (NYSE:NOK) launched a 3G phone in China.

WSJ:   Tech firms are launching large ad campaigns including ones from Cisco (NASDAQ:CSCO), Juniper (NASDAQ:JNPR), and Microsoft (NASDAQ:MSFT) aimed at businesses spending more during the recovery.

WSJ:   An improvement in the economy is boosting the prospects of renewal energy.

WSJ:   Verizon’s (NYSE:VZ) FiOS roll-out slowed.

WSJ:   The head of Michelin said car sales are improving.

WSJ:   Caterpillar (NYSE:CAT) will cut 2,500 people.

NYT:   Greenberg, former head of AIG (NYSE:AIG), is starting a firm that may take some of the battered insurance company’s key talent.

NYT:   The CNN division of Time Warner (NYSE:TWX) is now fourth among major cable news networks.

NYT:   Fisher Automotive will make hybrids in its new plant which was formerly owned by GM.

NYT:   Forbes magazine plans more layoffs.

Bloomberg:   BP’s (NYSE:BP) earnings fell 34%.

Douglas A. McIntyre