Media Digest (9/28/2010) Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   US businesses fear a fight over the yuan will cause a trade disaster.

Reuters:   The US will test a cyber-blitz response plan.

Reuters:   JPMorgan Chase (NYSE: JPM) may go to the FDIC for Washington Mutual claims.

Reuters:   Research In Motion (NASDAQ: RIMM) released it Playbook tablet to compete with the Apple Inc (NASDAQ: AAPL) iPad.

Reuters:   Facebook will probably have an IPO after late 2012.

Reuters:   Cisco (NASDAQ: CSCO) will launch a line of consumer products.

Reuters:   Southwest (NYSE: LUV) will buy AirTran (NYSE: AAI) to get its East Coast routes.

Reuters:   American International Group (NYSE: AIG) is closer to a plan to get money back to taxpayers.

Reuters:   NBC Universal will launch a $5.1 billion debt sale.

WSJ:   Authors are being pinched by e-book fees.

WSJ:   The Fed may begin the purchase of more securities.

WSJ:   The FDIC has not instituted a plan to handle the failure of large firms like Lehman.

WSJ:   AOL (NYSE: AOL) may buy the TechCrunch blog.

WSJ:   Morgan Stanley (NYSE: MS) has decided to freeze hiring in some portions of the bank.

WSJ:   The EU will end an antitrust probe against Apple.

WSJ:   Voters have begun to focus on rising state and local taxes as they begin to vote in November.

WSJ:   GE (NYSE: GE) will go into business Harbin Power to build wind turbines.

WSJ:   A Southwest buyout of AirTran would help put price pressure on Boeing (NYSE: BA)

WSJ:   SAP’s web-based services are faltering.

WSJ:   Nestle will introduce more food targeted at those who are health conscious

WSJ:   Dubai may return to the debt markets after a near-default.

WSJ:   Brazil Finance Minister Guido Mantega said a worldwide currency trade war has begun.

WSJ:   The Treasury will sell $50 billion in new paper.

NYT:   The GAO says the presence of women in the workforce as not improved.

NYT:   South Carolina will created a new company to oversee its private equity holdings.

FT:   The IMF said its supports the UK austerity plan.

FT:  Several downgrades have made risky bank bonds harder to sell.

Bloomberg: PSA Peugeot Citroen will launch a diesel-electric car.

Bloomberg:   The chairman of the American Chamber of Commerce in Shanghai says China may retaliate over pressure on the yuan.

Douglas A. McIntyre