Media Digest 3/15/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Senate reform bill gives the Fed broader powers.

Reuters:   Google (GOOG) says it is still talking to China, but signs point to pull-out.

Reuters:   Arrow will reject a bid from Shell (RDS) and PetroChina (PTR)

Reuters:   A new JPMorgan (JPM) fund will invest in China and India.

Reuters:   T Rowe Price is in talks to buy a part of a major Chinese fund.

Reuters:   A distress debt fund will list on a Chinese exchange.

Reuters:   House Democrats are still short of votes for healthcare.

Reuters:   The US will introduce a major broadband policy.

Reuters:   Bank of America (BAC) is working on expanding it China business.

Reuters:   The head of Germany said there is no immediate need for a decision on a Greek bailout.

WSJ:   The fight over US sugar quotas is growing as the price in America is different from the rest of the world.

WSJ:   The head of China claimed that the US is trying to help its exports by weakening the dollar.

WSJ:   Wachovia, a part of Wells Fargo (WFC), is in talks to settle money laundering charges with the Justice Dept.

WSJ:   Dodd’s new financial legislation is tougher on banks than expected.

WSJ:   Google (GOOG) is likely to close its China search engine.

WSJ:   Cnooc acquired oil assets in Argentina.

WSJ:   OPEC will have a hard time creating post-recession production targets.

WSJ:   The driver’s description of a Prius incident in California may be wrong.

WSJ:   Lenovo is looking for M&A deals.

WSJ:   Microsoft (MSFT) employees hide their iPhones

WSJ:   China is investigating Hewlett-Packard (HPQ) over consumer complaints of some flaws in PCs.

WSJ:   Airlines are fighting the cost of safety measures.

WSJ:   Some economists believe that Fed will indicate it will raise rates late in the year.

WSJ:   The Abu Dhabi Investment Authority claims its returns over the last 20 years are better than 6%.

WSJ:   AIG (AIG) kept $21 million in employee bonuses.

WSJ:   The US, UK, France, and Germany face a balancing act on debt to keep their Aaa ratings according to Moody’s.

WSJ:   Phillips-Van Heusen is close to a deal to buy Tommy Hilfiger

WSJ:   Lawyers are fighting over lead roles in Toyota suits.

WSJ:   An Abbott (ABT) heart device did well in tests.

WSJ:   Online marketers are working on ways to get better pictures of consumers.

WSJ:   David Perpich, a member of the Sulzberger family which owns the New York Times (NYT), was hired to help run the flagship paper’s online edition.

NYT:   China uses inconsistencies in international trade rules to help its exports.

NYT:   Asian stocks dropped on concerns about the US economy.

NYT:   Publishers in Germany worry that restrictions on sexual material are a form of censorship.

NYT:   The UK is increasing its online anti-piracy rules.

NYT:   Sixteen euro zone nations are expected to make progress on aid to Greece.

NYT:   Ernst & Young may face charges over the failure of Lehman.

NYT:   A new PBS program will be shown on Facebook before TV.

NYT:   China warned Google’s local partners including Sina (SINA) about using the US search company’s tech.

NYT:   Most online news consumers use five sites of less.

FT:   Moody’s warned that its  rating of US debt could come under pressure.

Douglas A. McIntyre