Media Digest 12/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

December 17, 2009 by Douglas A. McIntyre

Reuters:   Obama’s poll ratings on the economy dropped.

Reuters:   Bank of America (NYSE:BAC) picked insider Brian Moynihan as CEO.

Reuters:   Bernanke’s confirmation should pass its first hurdle.

Reuters:   The US delayed selling some of its Citigroup (NYSE:C) stock.

Reuters:   AIG (NYSE:AIG) will file an IPO for its Asian life insurance firm.

Reuters:   The US said Credit Suisse (NYSE:CS)  schemed to avoid sanctions.

WSJ:   More Americans are walking away from mortgages because they feel it is in their best financial interest.

WSJ:   Ford (NYSE:F) is looking at iPhone-like Apps for its onboard software.

WSJ:   The FTC sued Intel (NASDAQ:INTC).

WSJ:   The former wife of SAC chief Cohen accused him of insider trading.

WSJ:   Oracle (NASDAQ:ORCL) stands to gain from a rebound in business spending.

WSJ:   Yum Brands (NYSE:YUM) is moving into India.

WSJ:   Hovnanian (NYSE:HOV) narrowed losses.

WSJ:   AMR (NYSE:AMR) may raise its offer to invest in JAL.

WSJ:   RIM (NASDAQ:RIMM) may post good earnings but will show little progress against Apple’s (NASDAQ:AAP) iPhone.

WSJ:   A Harvard professor thinks healthcare must be changed by altering the way that medical teams practice.

WSJ:   More schools are offering management education to doctors.

WSJ:   UK politicians are upset about RBC’s (NYSE:RBC) role in helping Kraft (NYSE:KFT) make a run at Cadbury (NYSE:CBY).

WSJ:   Global regulators will soften capital requirements for banks.

NYT:   The government may have trouble getting out of funding mortgage-backers AIG (NYSE:AIG), Fannie Mae (NYSE:FNM), Freddie Mac (NYSE:FRE), and GMAC.

NYT:   Europe dropped its antitrust case against Microsoft (NYSE:MSFT).

NYT:   The US reported an upturn in home building.

NYT:   CNN fell behind MSNBC is annual prime time ratings.

FT:   The Fed will pull back from some of its liquidity supports.

FT:   The sale of AIG’s Asia unit could raise $20 billion.

FT:   Some insurers will launch “reputation risk” products to address issues like Tiger Woods endorsements.

Bloomberg:   A union accused Goldman Sachs (NYSE:GS) of driving trucker YRC into bankruptcy.

Douglas A. McIntyre