Media Digest 12/1/2009 Reuters, WSJ, NY Times, FT, Bloomberg
Reuters: A $25 billion debt plan for Dubai World helped calm markets.
Reuters: GE (NASDAQ:GE) and Vivendi agreed to value NBCU at a price which gives the French company $5.8 billion for its 20% share.
Reuters: The unemployed face higher healthcare premiums.
Reuters: White House financial adviser Summers said unemployment will stay high.
Reuters: November sales will shed more light on the holiday season.
Reuters: The Treasury is pressuring mortgage companies to provide home loan relief.
Reuters: Car company Geely will get $1.8 billion from Chinese banks to buy Volvo.
Reuters: Black Friday sales disappointed investors.
Reuters: The Treasury gave guidance that should speed “short sales” of homes.
WSJ: As the stimulus money for highway construction drops the industry will layoff workers.
WSJ: A federal judge is questioning an SEC deal to settle an insider trading of shares in Nova Chemicals.
WSJ: “Cyber Monday” sales were helped by discounts.
WSJ: GM directors will decide the fate of Saab at their upcoming meeting.
WSJ: Nokia (NYSE:NOK) sued Asian LCD makers.
WSJ: The CBO says the stimulus package sustained 600,000 to 1.6 million jobs in Q3.
WSJ: DeBeers said shareholders will put $1 billion into the company.
WSJ: US steel companies are shutting plants.
WSJ: India’s growth is pressuring its central bank to raise rates.
WSJ: Blockbuster (NYSE:BBI) plans kiosks to compete with Redbox.
WSJ: Charter Communications came out of bankruptcy.
NYT: Oil companies are making big investment in Iraq.
NYT: Experts are trying to predict the next blow-up after Dubai.
NYT: Sanford C. Bernstein said AIG’s (NYSE:AIG) P&C business has a $11.9 billion shortfall in reserves to pay claims.
NYT: The Fed is beginning to test the effect of moving out of its securities support effort.
NYT: Caterpillar (NYSE:CAT) bought a manufacturer in South Korea.
FT: The CBO expects little savings on insurance premiums from the healthcare program.
FT: US commercial real estate default rates hit 3.4% in the third quarter.
FT: BP (NYSE:BP) faces a new probe over an Alaska pipeline spill.
FT: Carlyle was sued by Kuwait over its management of funds.
FT: US manufacturers said they need relief from environmental laws.
Bloomberg: China manufacturing rose again last month.
Bloomberg: GM may sell some assets of Saab to Beijing Auto and close the brand.
Douglas A. McIntyre