Media Digest 12/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   GMAC will get $3.5 billion in additional fund from the government.

Reuters:   Oil rose near $80 on low supply and the economic recovery.

Reuters:   Share in JAL dropped over 20% on bankruptcy concerns.

Reuters:   Target (NYSE:TGT) was the victim of a hacker who stole credit card numbers.

Reuters:   The Chicago PMI is out today.

WSJ:   Now that bank stocks are rallying, the FDIC wants equity in firms that got assets from failed banks.

WSJ:   Home prices moved up, but the outlook is cloudy.

WSJ:   States and cities are still spending money and tax credits to get new businesses to move to their areas.

WSJ:   Shell is increasing it biofuels spending.

WSJ:   The ITC will rule on US complaints that China is dumping steel.

WSJ:   Nokia (NYSE:NOK) filed IP charges against Apple (NASDAQ:AAPL) with the ITC.

WSJ:   State and local taxes dropped 7% in the third quarter.

WSJ:   J&J (NYSE:JNJ) widened its recall of Tylenol products.

WSJ:   Microsoft’s (NASDAQ:MSFT) role in the mobile market is quickly disappearing.

WSJ:  A medical journal questioned how the FDA approved certain heart devices.

WSJ:   “Smartbooks”, a new type of small laptop, will start to compete with smartphones.

WSJ:   WiMax firms are widening their focus to build chips for the emerging Long Term Evolution standard which will compete with WiMax-based carriers.

WSJ:   Consensus earnings estimates for 2010 are high, a challenge to the rise of US stock markets.

NYT:   Many homeowners find that banks have little incentive to renegotiate mortgages.

NYT:   Employee fraud using gift cards is increasing.

NYT:   Market in Brazil, Russia, China, and India are racing ahead of most expectations.

NYT:   Music downloads funded by advertising are taking on new life.

NYT:   Japan introduced a long-term plan to help its economy.

FT:   Russia will curb inflows of speculative cash.

FT:   Broadcom (NASDAQ:BRCM) settled stock back-dating claims for $160 million.

FT:   Rising indebtedness is hurting America’s image as a financial leader.

FT:   Emerging market funds are growing rapidly.

Bloomberg:   Morgan Stanley (NYSE:MS) says an M&A rebound may be years away.

Bloomberg:   The worst US investment funds for the last decade never recovered from the technology stock free fall.

Bloomberg:   Treasuries are set for their worst year since 1978 on high funding needs and an early economic recovery.

Douglas A. McIntyre