Media Digest 12/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) will pay back TARP funds.

Reuters:   Kraft (NYSE:KFT) says it will be disciplined in its Cadbury (NYSE:CBY) buyout effort.

Reuters:   Some of AIG’s (NYSE:AIG) top staff are struggling financially.

Reuters:   Geithner said the US would make a profit on TARP.

Reuters:   Goldman Sachs (NYSE:GS) faces a lawsuit over bonuses.

Reuters:   Citigroup pay and bonus cuts will remain despite TARP repayment.

WSJ:   Exxon Mobil (NYSE:XOM) is making a big bet on natural gas by buying XTO Energy (NYSE:XTO).

WSJ:   Bankers told Obama that they would support some level of regulation.

WSJ:   Dubai’s plan to repay some of its debt may not repair its reputation.

WSJ:   Bank of America (NYSE:BAC) was not able to get the Bank of New York Mellon (NYSE:BK) to take its top job.

WSJ:   GE’s (NYSE:GE) Immelt will draw on the lessons he has learned running the company in an investor presentation.

WSJ:   New mortgage asset guidelines are being proposed.

WSJ:   Wal-Mart (NYSE:WMT) is using its logistics skills to compete with Amazon (NASDAQ:AMZN).

WSJ:   Google (NASDAQ:GOOG) and T-Mobile (NYSE:DT) are discussing a handset marketing partnership.

WSJ:   The EU will probably approve the bid by Oracle (NASDAQ:ORCL) to buy Sun (NYSE:JAVA).

WSJ:   ArcelorMittal will cut thousands of more jobs.

WSJ:   Apple (NASDAQ:AAPL) faces delays in iMac shipments.

WSJ:   Pfizer (NYSE:PFE) salesmen are using new PCs to pitch products and help them comply with regulations.

WSJ:   Toyota’s (NYSE:TM) into hybrids is going global.

NYT:   A new poll shows how badly unemployment has hit many families.

NYT:   GM’s new CEO is trying to change the firm’s bureaucratic culture.

NYT:   Obama pressed big banks to lend more.

NYT:   Abu Dhabi’s loan to Dubai will give it more control over its troubled neighbor.

NYT:   A new study says the impact of electic hybrids could be decades away.

FT:   China moved ahead of the US in the IPO market with $27.2 billion raised.

Bloomberg:   Dubai will need more help to pay bonds due in 2010 and 2011.

Bloomberg:   JP Morgan (NYSE:JPM), Bank of America, and Citigroup are leading a comeback in collateralized debt obligations

Douglas A. McIntyre