Media Digest 12/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The pressure is on big oil companies such as Exxon (NYSE:XOM) and BP (NYSE:BP) to find inexpensive oil reserves in Iraq.

Reuters:   Moody’s (NYSE:MCO) sees no threat to the US debt rating for now.

Reuters:   Obama plans a TARP for small business.

Reuters:   Rental income in buildings for residential occupancy will remain weak.

Reuters:   The House is near passage of a bill to overhaul the US financial markets.

Reuters:   Goldman Sachs (NYSE:GS) top management will take bonuses in stock.

Reuters:   Ford’s (NYSE:F) CEO said he talked with GM’s new CEO Whitacre to discuss the industry.

Reuters:   The House passed a $447 billion spending bill.

Reuters:   The pay czar will make rulings on several other firms which have US money.

Reuters:   Citigroup (NYSE:C) plans an offering of $15 billion in stock.

Reuters:   Trading in AOL’s (NYSE:AOL) shares got off to a rough start.

WSJ:   The Boeing (NYSE:BA) Dreamliner is set for its first flight.

WSJ:   China’s curbs on sales of tech gear to its central government are drawing criticism.

WSJ:   Stores are holding bigger markdowns of prices in reserve for later in the holiday season.

WSJ:   Bank of America (NYSE:BAC) is in talks with Bank of NY (NYSE:BK) CEO about moving to the top spot at BAC.

WSJ:   The Airbus A400M is ready to fly.

WSJ:   Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) are competing to buy or form relationships with startups.

WSJ:   Apple iPhone sales by China Unicom (NYSE:CHU) are picking up.

WSJ:   Oracle (NASDAQ:ORCL) is fighting the EU over its Sun Microsystems  (NASDAQ:JAVA) deal.

WSJ:   Citadel Broadcasting is about to file a prepackaged Chapter 11.

WSJ:   GE (NYSE:GE) won a big wind farm project.

WSJ:   US household net worth rose.

WSJ:   Some bone-building drugs known as bisphosphonates may prevent breast cancer.

WSJ:   Falling supplies of natural gas pushed prices up over 8%.

NYT:   A national sales tax may be considered to drop the deficit.

NYT:   Data from China show its economy is still rebounded quickly.

NYT:   Dealers for GM and Chrysler won a victory in the House as a bill advanced to let them appeal being closed.

NYT:   France will probably follow the UK on a banker bonus tax.

FT:   Facebook is being criticized for changes to it privacy rules.

Douglas A. McIntyre

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