Media Digest 3/8/2010 Reuters, WSJ. NYTimes, FT, Bloomberg

Reuters:   Met Life (MET) is close to buying AIG’s (AIG) foreign insurance unit for $15.5 billion.

Reuters:   Subway will try to catch McDonald’s (MCD) in China by 2020.

Reuters:   Greece’s central bank chief said his nation would not need outside aid.

Reuters:   The head of the IMF said Greece’s debt problem would not spread.

Reuters:   Senators are debating the issue of the oversight of the Fed.

Reuters:   The FDIC is trying to get pension funds to invest in failed banks.

Reuters:   Economists believe that the Fed will hike rates in six months.

Reuters:   Kraft (KFT) is under  investigation in the UK over its deal to buy Cadbury.

Reuters:   Cablevision (CVC) got ABC (DIS) back online for the Oscar’s

Reuters:   Bulls may run further from the market’s March 2009 lows.

WSJ:   One of the great bull markets in history hit its one-year anniversary but many individual investors are missing.

WSJ:   Royal Dutch Shell (RDS) and PetroChina (PTR) made a bid for Arrow Energy.

WSJ:   Cisco (CSCO) will try to emerge from the recession stronger than when it went in.

WSJ:   China Unicom (CHU) is working with Apple (AAPL) to market iPhones with WiFi capacity.

WSJ:   Last year, the number of coupons redeemed rose 27% to 3.3 billion.

WSJ:   A federal law will kill a 10-year period when Social Security payments were not made on defaulted debt.

WSJ:   China says the ball is in the US court to improve relationships.

WSJ:   The Treasury may have to offer higher yields for its paper.

WSJ:   GM will try to sell Cadillacs in Europe.

NYT:   Obama will offer a plan to give home sellers $1,500 to sell houses at a loss and incentives for banks.

NYT:   Ebay (EBAY) is developing ways to sell green products.

NYT:   Microsoft’s (MSFT) requirement to open its browser offerings in Europe is helping smaller firms.

FT:   Some Senators want bank oversight to stay at the Fed.

FT:   China may kill the relationship between the yuan and US dollar.

FT:   The Euro zone is considering its own IMF-style fund.

FT:   Toyota (TM) will fight claims that electronics problems caused accelerator issues.

Bloomberg:   The President of France said he was willing to aid Greece.

Bloomberg:   Dubai World has asked banks to allow it to delay payment by six months.

Douglas A. McIntyre