Media Digest 12/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Dubai said the market’s perceptions of its problems is “softening.”

Reuters:   Citigroup (NYSE:C) could sell $20 billion in shares soon.

Reuters:   Hershey (NYSE:HSY) is near a decision on Cadbury (NYSE:CBY).

Reuters:   GM named a new head of Chevrolet.

WSJ:   A large number of Americans are renting homes instead of owning them.

WSJ:   More firms in the US and UK are putting limits on executive pay.

WSJ:   Apple (NASDAQ:AAPL) is changing the way iTunes works to extend its reach on the internet.

WSJ:   Some hedge funds made large sums betting against the sovereign debt of weak countries.

WSJ:   Credit Suisse (NYSE:CS) named a new chairman.

WSJ:   VW bought a stake in Suzuki.

WSJ:   Oracle (NASDAQ:ORCL) will defend its deal to buy Sun Microsystems(NASDAQ:JAVA) in meetings with the EU.

WSJ:   AT&T (NASDAQ:T) is facing problems with the large amounts of data being sent over its 3G network.

WSJ:   IBM (NASDAQ:IBM) is adding to its cloud computing capacity.

WSJ:   AOL (NYSE:AOL) becomes a public company today.

WSJ:   Wholesale sales increased as did inventories.

WSJ:   Neiman Marcus is working on plans to sell less expensive clothes.

WSJ:   Large oil companies are aggressively seeking to drill in Iraq.

WSJ:   Medtronic (NYSE:MDT) received a subpoena over one of its heart devices.

WSJ:   NCR (NYSE:NCR) and Blockbuster (NYSE:BBI) will increase kioks in a challenge to Redbox.

WSJ:   China is trying to balance more economic stimulus with too much liquidity in markets.

WSJ:   Pfizer/Wyeth and Merck/Schering-Plough (PFE)(MRK) merger deals are being probed for insider trading.

WSJ:   The IPO market in Hong Kong is starting to falter.

NYT:   AIG (NYSE:AIG) is returning to success selling annuities but it is doing so though operations that do not use its name.

NYT:   Chinese consumers are buying goods aggressively as the stimulus package there helps the middle class.

NYT:   CIT exited Chapter 11.

NYT:   Ford (NYSE:F) may use stock to pay its obligation to a retiree fund.

NYT:   The CEO of GE (NYSE:GE) attacked executive greed.

Bloomberg:   A new poll shows Americans want the government to spend on jobs and send the tax bill to the rich.

Douglas A. McIntyre

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