Media Digest 1/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: Cadbury (NYSE:CBY) posted strong 2009 results, rejected Kraft’s (NYSE:KFT) bid.

Reuters:   Bank of America (NYSE:BAC) is in talks to settle with Cuomo.

Reuters: The FAA called for inspections of older Boeing (NYSE:BA) 737s.

Reuters:   The Fed earned $45 billion in 2009.

Reuters:   Mercedes-Benz said 2009 China sales rose 77%.

Reuters:   Top auto dealers reports Ford (NYSE:F) is posting strong sales and GM also doing well.

Reuters:   Alcoa (NYSE:AA) results missed forecasts.

Reuters:   The retail industry’s recovery will be hurt by unemployment and consumer debt.

Reuters:   A federal judge rejected efforts by the SEC to expand its complaint against B of A.

WSJ:   Europe’s recovery is being hurt by trouble at small companies.

WSJ:   The employment recovery is being hurt by the fact that some jobs do not exist anymore.

WSJ:   The bids for MGM have been low.

WSJ:   Obama would like to see banks pay fees to cover bailout costs.

WSJ:   GM, Ford, and Chrysler may hire new workers.

WSJ:   Watching TV may cause higher death rates.

WSJ:   Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) will offer smart signs that can tell gender.

WSJ:   Electronic Arts (NASDAQ:ERTS) cut its profit outlook.

WSJ:   AOL (NYSE:AOL) began layoffs.

WSJ:   Toyota (NYSE:TM) expects moderate improvement in the US market in 2010 but better results in 2011.

WSJ:   Google (NASDAQ:GOOG) is working on a deal to scan Chinese books.

WSJ:   An uneven recovery will probably push up the US trade gap.

NYT:   PC makers will offer products that allow people to control devices by flipping their hands.

NYT:   McDonald’s (NYSE:MCD) named a new No.2 executive.

FT:   A fear of higher rates is causing a flood of new debt issues.

FT:   A rise in component prices will push up PC costs.

FT:   News Corp (NYSE:NWS) Fox network cut a deal for Sarah Palin to appear as a commentator.

Bloomberg:   China raised bill yields a sign that interest rates will rise.

Bloomberg:   India’s industrial output increased sharply.

Douglas A. McIntyre

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