Media Digest 11/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Markets hit their 2009 highs.
Reuters: Dodd is set to unveil his financial reform bill which calls for merging many bank regulators.
Reuters: Kraft’s (NYSE:KFT) bid for Cadbury turned hostile.
Reuters: A survey of economists predicted strong GDP growth in 2010.
Reuters: The Fed says that 9 out of 10 of the largest banks that needed to raise capital have done so.
Reuters: The EC objected to the Oracle (NASDAQ:ORCL) deal to buy Sun (NASDAQ:JAVA).
Reuters: Energy construction companies reported diverging results with Flour (NYSE:FLR) doing poorly and McDermott (NYSE:MDR) doing well.
Reuters: The Activition (NADAQ:ATVI) “Call to Duty” video game is expected to have a huge debut.
Reuters: Pfizer (NYSE:PFE) will close an R&D facility and lay off more people.
WSJ: Investors are putting more money into commodities and junk bonds.
WSJ: Barclays (NYSE:BCS) was hit with an impairment charge.
WSJ: Congress is considering a bill to limit the size and scope of some of the largest banks.
WSJ: Buffett will sell his stake in Union Pacific (NYSE:UNP) and Norfolk Southern (NYSE:NCS) now that he is buying Burlington Northern (NYSE:BNI).
WSJ: Google (NASDAQ:GOOG) will buy mobile ad company AdMob.
WSJ: New data show that few banks are tightening credit.
WSJ: Sprint (NYSE:S) will cut 2,500 jobs.
WSJ: Google (NYSE:GOOG) and Verizon (NYSE:VZ) are deepening their ties to fight Apple (NASDAQ:AAPL) and AT&T (NYSE:T).
WSJ: EA (NASDAQ:EA) will cut 17% of its staff and buy online game company Playfish.
WSJ: Big pay bonuses at banks could help the New York economy.
WSJ: China’s economy could be hurt by a credit crisis.
WSJ: A World Bank chief is against letting the yuan rise.
WSJ: Sony (NYSE:SNE) will break ranks with studios by allowing early rental of one of its films over the internet.
WSJ: Rising demand in China and Brazil is helping BMW and Mercedes.
NYT Even good customers are seeing credit card interest rates rise as banks try to make money on consumers.
NYT: Fuel from dismantled nuclear bombs including some from Russia provide about 10% of American electricity.
NYT: Renault-Nissan plan to release a low-cost car in India.
NYT: Obama said he will raise the yaun issue with China.
FT: Banks around the world are facing $7 trillion in short-term funding that will expire in the next three years.
FT: Murdoch of News Corp (NYSE:NWS) says he will sue the BBC and Google (NASDAQ:GOOG) over copyright.
Douglas A. McIntyre