Media Digest 4/16/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Fed backed “extending language” on rates.

Reuters:   About 60% CDS could be cleared centrally according to experts.

Reuters:   Bank of America Corporation (NYSE: BAC) and Symphony will link up on a new collateralized loan obligation package.

Reuters:   Macarthur and Peabody Energy are in talks the may lead to a higher bid.

Reuters:   Congress voted to add $18 billion in new jobless benefits.

Reuters:   Google Inc.’s (NASDAQ: GOOG) profits rose but Wall St. was disappointed.

Reuters:   Schlumberger (NYSE: SLB) has begun to add staff in Iraq.

Reuters:   A judge has begun to consolidate suits against Toyota Motor Corporation (NYSE: TM).

WSJ:   Graft and bribes may equal 8% of Greece’s GDP.

WSJ:   The technology industry has begun hiring.

WSJ:   Legal trouble has begun to build for Steven Rattner, the former “car czar.”

WSJ:   The US has joined an investigation into Hewlett-Packard Company (NYSE: HPQ) bribe issues.

WSJ:   Rajat Gupta, who is under investigation for insider trading issues, will leave the Goldman Sachs Group, Inc (NYSE:GS) board.

WSJ:   Regulators are fighting overs which agency was responsible for problems at Washington Mutual.

WSJ:   UAL Corporation (NASDAQ: USUA) and Continental Airlines Inc. (NYSE: CAL) have renewed merger talks.

WSJ:   Cablevision Systems (NYSE: CVC), Time Warner Cable Inc (NYSE: TWX), and Comcast, Inc (NASDAQ: CMCSA) will share WiFi locations across the New York City area.

WSJ:   Microsoft (NASDAQ: MSFT) will probe complaints about child labor at some suppliers in China.

WSJ:   The  fight between Republicans and Democrats on financial regulation is increasing.

WSJ:   Advance Micro Devices Inc. (NYSE: AMD) posted a profit.

WSJ:   Toyota says it will test all of its SUVs.

WSJ:   Viacom Inc. (NYSE:VIA) says that documents from Google Inc supports its copyright infringement case against YouTube.

WSJ:  Investors’ expectations about  General Electric (NYSE: GE) earnings may be too high.

WSJ:   Factory output rose .9% last month.

WSJ:   Mortgage rates fell to 5.07% last week.

WSJ:   Carl Icahn raised his bid for Lions Gate.

NYT:   Debt worries have shifted from Greece to Spain.

NYT:   Twitter has lost its status as a start-up.

NYT:   The FDA has written Apotex about troubles in one of its plants.

FT:   Greece has begun talks which may cause a bailout by the euro zone nations and IMF.

FT:   A Goldman Sachs real estate fund has lost almost all of its $1.8 billion in value.

FT:   Demand Media will have an IPO.

Douglas A. McIntyre

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