Media Digest (3/4/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Senate rejected a plan to send $250 to the elderly.
Reuters: Obama is still pushing the Volcker rule.
Reuters: The Facebook CEO is in no rush for an IPO.
Reuters: Toyota (TM) was sued over deaths in a California crash.
WSJ: American companies are beginning to use their huge cash balances to do M&A.
WSJ: The Fed Beige Book showed some improvement in the economy.
WSJ: Citigroup’s (C) CEO Pandit will return to Washington to face questions about the bank’s progress.
WSJ: The head of Wells Fargo (WFC) made over $21 million last year.
WSJ: IBM (IBM) claimed a major advance in chip technology.
WSJ: Pfizer (PFE) plans a bid for Ratiopharma.
WSJ: Apple’s (AAPL) suit against HTC could hurt the smaller company’s chances of being competitive in handsets.
WSJ: There is a threat of deflation in the US which should allow the Fed to keep rates low.
WSJ: Novell (NOVL) moved up on a buyout bid.
WSJ: The CEO of Northrup (NOC) must decide whether to bid on an Air Force tanker of let it go to Boeing (BA).
WSJ: GM’s vice chairman Robert Lutz will retire.
WSJ: British Air is preparing for a strike.
NYT: Traders are looking for Europe debt outside of Greece to make bets.
NYT: More and more M&A deals are being done involving companies in the developing world.
NYT: Sanofi is having success with a prostate cancer treatment.
NYT: The government has received reports of cars that accelerated unintentionally after Toyota (TM) repairs.
FT: Greece may turn to the IMF for some funds.
FT: Law enforcement officials shut down the Mariposa botnet which was taking financial information from hundreds of countries.
FT: The FDA charged Nestle and others with misleading claims for certain foods.
Bloomberg: A plea for aid by Greece to Germany was shot down by the German government.
Douglas A. McIntyre