Media

Media Digest (9/22/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

The House defeated a spending bill to fund the federal government passed September 30. (Reuters)

United Technologies (NYSE: UTX) will buy Goodrich (NYSE: GR) for $16.5 billion. (Reuters)

China’s PMI for September was weak. (Reuters)

Hewlett-Packard (NYSE: HPQ) may fire its CEO and replace him with Meg Whitman. (WSJ)

Greece made further, deeper cuts to its expenses to win bailout money. (Reuters)

Tim Geithner will present more detail on the government’s plans to revive the economy. (Reuters)

Eric Schmidt said Google (NASDAQ: GOOG) has not altered its search results to help its own products. (Reuters)

Roubini says the EU crisis could cause Great Depression II. (Reuters)

Long-term bonds rose on news of Federal Reserve purchases. (Reuters)

Hulu now has over one million paid subscribers. (Reuters)

Moody’s said some U.S. companies with weak balance sheets are unlikely to default. (WSJ)

As more companies create  business which rely on Facebook, the site’s users push back. (WSJ)

Efforts to refinance homes may help the economy slightly. (WSJ)

Greece will put a higher tax on pensions. (WSJ)

S&P cuts its rating of several Italian banks. (WSJ)

Fosters was bought by SABMiller for $10 billion. (WSJ)

Bridgestone will increase the size of one of its U.S. plants. (WSJ)

The New York Times (NYSE: NYT) expects a drop in revenue and a slide in online sales. (WSJ)

Chrysler and the UAW failed to close a labor deal. (WSJ)

The FDA is under pressure to put more warnings on the Sanofi (NYSE: SNY) heart-rhythm drug Multaq. (WSJ)

Royal Dutch Shell (NYSE: RDS) said it will stay in the refining business. (WSJ)

Moody’s downgraded Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C). (WSJ)

Nokia (NYSE: NOK) appointed a new CTO. (Bloomberg)

Douglas A. McIntyre

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