Media

Media Digest 3/3/2011 Reuters, WSJ, NYT, FT, Bloomberg

The Treasury expects $6.4 billion from the sales of AIG’s (NYSE: AIG) sale of its MetLift share (Reuters)

The government is examining a number of small banks to see if they restructured loans to make their balance sheets seem better than they were (WSJ)

Ben Bernanke said Washington budget cuts would cost 200,000 jobs (WSJ)

Oil fell after the Arab League said it was at work on a Libya peace plan (Reuters)

Steve Jobs launched the new Apple (NASDAQ: AAPL) iPad 2. (Reuters)

Barnes & Noble (NYSE: BKS) settled a lawsuit about features of its Nook (Reuters)

The UK government says it will support a News Corp (NYSE: NWS) takeover of BSky B (Reuters)

The NYSE (NYSE: NYX) will launch a CME competitor later this month (Reuters)

The number of gold M&A transactions rose sharply last month (Reuters)

A new WSJ poll shows voters do not favor cuts in entitlement programs like Social Security (WSJ)

Muni bonds have recovered some of last years losses and investors seem to be less concerned about downgrades (WSJ)

The Shumway Capital Partners said more manufacturers have tried to pass along high cost of goods to customers (WSJ)

The SEC will support bonus limits on brokers (WSJ)

Japanese and Korean business interests invested in Brazilian rare-metal mining company CBMM for $1.95 billion. (WSJ)

Sprint-Nextel (NYSE: S) is close to a settlement on prices with ally Clearwire (NASDAQ: CLWR) (WSJ)

Individual doctors may have to reveal what they are paid by Medicare (WSJ)

Americans drove more miles in 2010 than any year since 2007 according to the U.S. Transportation Department (WSJ)

Brazil raised interest rates to cool its economy (WSJ)

Budget cuts may hurt safety regulation enforcement in Europe (WSJ)

Big box retailer will try to file the space that they no longer use in their stores (WSJ)

The FDA will prevent sales of a large number of cold medicines (WSJ)

Delta (NYSE: DAL) was sued by stewardesses over pay scales (WSJ)

Bombardier got a huge jet order worth $6.7 billion from Berkshire Hathaway (NYSE: BRK.A, BRK.B) units NetJets (WSJ)

The International Air Transport Association cuts industry profits forecasts because of the cost of oil (WSJ)

AT&T (NYSE: T) said it was not shocked by the level of customer defection because Verizon Wireless got the iPhone (WSJ)

Hedge fund  Shumway Capital Partners have lost $12 billion due to short bets on the stock market and competitors have tried to take their customers (WSJ)

The Toronto Stock Exchange and London Stock Exchange had to defend their merger for Canadian regulators (WSJ)

Long-term mutual funds find investments rising (WSJ)

Regulators are in a battle on penalties for banks which mismanaged foreclosures (NYT)

Sky News will be spun off by BSkyB to clear the way for a Murdoch takeover (FT)

Glencore profits moved higher as it considers an IPO (FT)

US oil production rose to its highest level since 2003 in 2010 (FT)

Germany is opposed to looser restrictions on EU bailout money (Bloomberg)

Blackrock may buy part of Citigroup’s (NYSE: C) consumer debt group (Bloomberg)

Norway oil productions has fallen sharply (Bloomberg)

Douglas A. McIntyre

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