Media Digest 12/14/2009 Abu Dhabi Bails Out Dubai Reuters, WSH, NYTimes, FT, Bloomberg

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Reuters:   Abu Dhabi supplied Dubai with $10 billion in bail out funds.

Reuters:   Cadbury (NYSE:CBY) is optimistic about its fight against Kraft (NYSE:KFT).

Reuters:   Arcelor Mittal could cut 10,000 jobs.

Reuters:   “Naked access” is now 38% of all US trading.

Reuters:   Beijing Auto bought assets of Saab

Reuters:   Morgan Stanley (NYSE:MS) is hiring a former senior officer from Merrill Lynch to run investment banking.

Reuters:   AOL (NYSE:AOL) is in talks with a Russian investment firm to sell ICQ.

Reuters:   Citigroup (NYSE:C) is near a deal to end part of its bailout.

Reuters:   Greenspan said the Fed can do no more to cut unemployment.

Reuters:   Cadbury (NYSE:CBY) and Hershey (NYSE:HSY) are in talks about a friendly bid.

Reuters:   The Fed is likely to repeat its low interest rate pledge.

WSJ:   Google (NASDAQ:GOOG) will market its own cell phone.

WSJ:   Compensation is still an issue as Bank of America (NYSE:BAC) worked toward finding a CEO.

WSJ:   Cadbury raised it profit targets for the next four years.

WSJ:   The climate change conference is seen as US versus China.

WSJ:   Investors are beginning to bet on inflation.

WSJ:   Stronger economic numbers may signal the Fed will begin to pull support of the US economy.

WSJ:   Oracle (NASDAQ:ORCL) made promises to the EU making its buyout of Sun (NYSE:JAVA) more likely.

WSJ:   Hollywood studios are pushing Blu-ray.

WSJ:   China defended it plan to have technology bought by the central government include Chinese IP.

WSJ:   The Department of Energy is becoming a major VC in alternative energy.

WSJ:   The White House is putting  jobs over the deficit.

WSJ:   An open skies rule has raised the stake in the competition for AMR (NYSE:AMR) and Delta (NYSE:DAL) to put money into JAL.

WSJ:   TV stations and networks are fighting over which pays fees to cable companies.

WSJ:   The Fed’s last meeting of the year may be a chance to stabilise falling Treasuries.

NYT:   Google’s (NASDAQ:GOOG) handset may be a challenge to Apple (NASDAQ:AAPL).

NYT:   Bond traders are putting pressure on debt laden nations.

NYT:   Nokia (NYSE:NOK) plans to cut jobs at one of its plants.

Bloomberg:   US home price improvement may stop in early 2010 on forced sales of homes.

Douglas A. McIntyre