Investing
Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, world health officials are fighting to contain the new flu.
Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money.
Reuters writes that GM (GM) has offered its final survival plan.
Reuters reports that the UAW will end up owning 55% of Chrysler.
Reuters writes that Democrats are close to passing the 2010 federal budget.
Reuters reports that Qatar is in talks to take a stake in Porsche.
Reuters writes that BP’s (BP) profits fell 62% but beat estimates.
Reuters reports that executives say that the government will have too many regulators.
Reuters reports that IBM (IBM) and Brocade (BRCD) are teaming up to combat Cisco (CSCO).
The Wall Street Journal reports that financial Danny Pang was charged with fraud.
The Wall Street Journal reports that Wilbur Ross and Invesco plan a giant fund to buy bank toxic assets.
The Wall Street Journal reports that China had a quarterly loss.
The Wall Street Journal reports that Verizon (VZ) widened its lead over AT&T (T) ind the cellular market.
The Wall Street Journal reports that Amazon (AMZN) bought e-book company Lexcycle, which makes a popular application for the Apple (AAPL) iPhone.
The Wall Street Journal reports that the government would face a number of conflicts if it owned a controlling interest of GM (GM).
The Wall Street Journal reports that a new disc from GE (GE) can store 100 DVDs
The Wall Street Journal reports that the Merrill Lynch balance sheet is treated as if it had “top secret” status.
The Wall Street Journal reports that DeutscheBank’s (DB) CEO will stay until 2013.
The Wall Street Journal reports that Verizon (VZ) earnings are being hurt by its landline business.
The Wall Street Journal reports that Corning (GLW) is hiring back some staff.
The Wall Street Journal reports that circulation dropped at most big metro dailies.
The Wall Street Journal reports that PetroChina’s (PTR) net fell 35%.
The Wall Street Journal reports that Audi’s results were hurt by a drop in demand for luxury cars.
The Wall Street Journal reports that legal charges from a settlement with Broadcom (BRCM) hurt the financial results of Qualcomm (QCOM).
The New York Times reports that Verizon (VZ) is in talks to get marketing rights to the Apple (AAPL) iPhone.
The New York Times reports that Daimler has reached an agreement to dump its ownership in Chrysler.
The New York Times reports that people with service jobs are feeling the economic pinch early.
The New York Times reports that the CEO of Bank of America (BAC) is still fighting to hold his job.
The New York Times reports that investors are buying up shares of flu drug makers.
The FT reports that DeutscheBank (DB) is profitable again.
Douglas A. McIntyre
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