Media Digest 3/23/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Google (GOOG) risks China’s wrath by its challenge to censorship

Reuters:   China expressed both regret and anger at Google’s move.

Reuters:   The head of the Chicago Fed said the agency will keep its pro-growth plans.

Reuters:   Germany agreed to a bank tax to fund bailouts.

Reuters:   China says it will have an $8 billion trade deficit in March.

Reuters:   Time Warner (TWX) may pay as much as $1.5 billion for MGM

WSJ:   Republicans and Democrats fought over what will happen next with health care.

WSJ:   Congressional plans for an overhaul of the financial sector are advancing.

WSJ:   Ford (F) is close to selling Volvo the China’s Geely.

WSJ:   Zale (ZLE) rejected a private equity firm’s plans to invest in the company.

WSJ:   Four Rio Tinto (RTP) employees admitted accepting bribes

WSJ:   Fannie Mae (FNM) and Freddie Mac (FNM) will not be firms that reward shareholders and risk taxpayer losses.

WSJ:   Airlines are moving into the African market.

WSJ:   More thieves are targeting prescription drugs.

WSJ:   Dish Network (DISH) sued DirecTV (DTV) over misleading ads.

WSJ:   Alibaba and Softbank are in takes to improve e-commerce trade between China and Japan.

WSJ:   Co-branded and affinity cards are becoming expensive for credit card companies.

WSJ:   Ken Feinberg will review pay at all firms that got TARP money even if they have paid it back.

WSJ:   Concerns over Greek debt are still hurting the euro.

WSJ:   E-Trade (ETFC) appointed a former Citigroup (C) executive as its CEO.

WSJ:   The Administration is at work on a plan that would get banks to cut loan balances on some mortgages.

WSJ:   The Treasury will sell $56 billion in bills this week.

WSJ:   Chinese oil firms are forming more partnerships with Westerns companies to tap crude supplies.

WSJ:   China Telecom will add RIM (RIMM) BlackBerry phones and Palm (PALM) handsets.

WSJ:   Sony (SNE) dropped the price of its entry-level e-reader by $30 to $169.

NYT:   Social Security may be the source of the savings for government spending.

NYT:   Perseus Books Group and Workman Publishing Company will sell books on the Apple (AAPL) iPad

NYT:   Toyota (TM) will replace accelerator pedals on cars on which owners are not happy with standard repairs.

FT:   Geithner warned that Congress could lose its initiative to reform the financial world.

Bloomberg:   China appealed to Ford (F) and Rio Tinto (RTP) to help stop currency wars.

Douglas A. McIntyre