Media Digest 2/2/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Volcker will testify that banks should curb risky trading.
Reuters: The new budget has programs to save jobs but also creates huge deficits.
Reuters: Boeing (NYSE:BA) says its airplane order book is getting smaller.
Reuters: Goldman Sachs (NYSE:GS) may cut its CEO’s pay package because of outside pressure
Reuters: Exxon’s (NYSE:XOM) quarterly profit topped forecasts.
WSJ: Banks are no longer toughening lending standards and manufacturing has rebounded.
WSJ: Banks are prepared to fight the Administration over new legislation about proprietary trading.
WSJ: Burkle has challenged the Barnes & Noble (NYSE:BKS) poison pill and may wage a proxy fight.
WSJ: Google (NYSE:GOOG) plans a store for business apps.
WSJ: Boston Scientific (NYSE:BSX) settled some stent patent claims with Johnson & Johnson (NYSE:JNJ).
WSJ: France Telecom (NYSE:FTE) will get a new CEO.
WSJ: Yahoo! (NASDAQ:YHOO) and the AP reached a content licensing deal.
WSJ: Exxon (NYSE:XOM) is drilling in more high risk areas and it’s gambling on big deposits which are hard to reach.
NYT: Apple (NASDAQ:AAPL) has challenged the chip industry by designing its own processor for the iPad.
NYT: The new budget raises the issue of the future of the Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) bailouts
NYT: Google (NASDAQ:GOOG) is increasingly clashing with European lawmakers over copyright and antitrust issues.
NYT: Moody’s (NYSE:MCO) reports that $700 billion in junk debt is due between 2012 and 2014.
FT: Obama will target overseas tax breaks.
FT: Global manufacturing is increasing quickly.
FT: US companies have issued positive earnings forecasts.
FT: Demand for corporate loans in soft in the US.
Douglas A. McIntyre