Media Digest 1/27/2010

Reuters:  Obama will focus on jobs and the deficit.

Reuters:   Toyota (NYSE:TM) will suspend manufacturing of eight models.

Reuters:   Geithner and the NY Fed defended their actions in AIG (AIG) bailout.

Reuters:   China will put no curbs on Google’s (GOOG) mobile technology.

Reuters:   Oracle (ORCL) plans to hire 2,000 workers after the finish of its Sun buyout.

Reuters:   The NY Fed supported AIG secrecy to preserve the value of its assets.

WSJ:   Book publishers are negotiating with Apple (AAPL) to be part of the content for its new tablet computer.

WSJ:   Banks are setting up stronger rules to get back pay from executives whose bets blow up later.

WSJ:   GM closed a deal to sell Saab.

WSJ:   Yahoo! (YHOO) showed a profit.

WSJ:   Over half the Senate backs Bernanke.

WSJ:   Verizon (NYSE:VZ) will fire 13,000 people.

WSJ:   The US deficit will reach $1.35 trillion this year.

WSJ:   Valero (VAL) profits dropped as refinery margins fell.

WSJ:   Ellison, the head of Oracle, will set new plans to develop high-end computer systems.

WSJ:   Ebay (EBAY) is setting new fees to bring in additional sellers.

WSJ:   The head of Borders Group (BGP) left to join A&P.

WSJ:   Berkshire Hathaway (NYSE:BRK) joined the S&P 500.

WSJ:   The iPhone has become core to Apple’s (AAPL) revenue.

NYT:   Some struggling banks have the industry’s most favorable compensation.

NYT:   The British central bank favors splitting big banks

NYT:   Obama plans his own commission on national debt.

NYT:   Japan exports rose for the first time since the recession began.

NYT:   The IRS is moving against some tax shelters.

FT:   Greece is inviting China to buy its bonds.

FT:   US government agencies called for more shared efforts against cyberattacks.

Bloomberg:   The Fed may gamble that ceasing its buying of mortgage debt may not hurt housing.

Bloomberg:   CDs for sovereign debt are more actively traded.

Douglas A. McIntyre