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Media Digest 4/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman.
Reuters reports that talks to keep Chrysler out of Chapter 11 are on the rocks.
Reuters reports that the Fed sees the economic downturn easing.
Reuters reports that Apple (AAPL) is building a chip designing capacity.
Reuters reports that GM (GM) bondholders will present an alternative to the company’s offer.
Reuters reports that Visa (V) first quarter earnings beat estimates.
Reuters reports that IBM (IBM) will provide clients financing as they await stimulus funding.
The Wall Street Journal reports that a Chapter 11 at Chrysler is imminent.
The Wall Street Journal reports that Massachusetts has opened a probe of State Street (STT).
The Wall Street Journal writes that China’s stimulus is helping some US businesses.
The Wall Street Journal reports that the Las Vegas City Center got more funding.
The Wall Street Journal reports that debit card use moved ahead of credit cards.
The Wall Street Journal reports that GM (GM) bondholders will seek to control equity.
The Wall Street Journal reports that Time Warner (TWX) is set to spin off AOL
The Wall Street Journal reports that cost cuts helped Qwest’s (Q) net income.
The Wall Street Journal reports that the US has a surplus of natural gas which may help solve energy problems.
The Wall Street Journal reports that the CEO of Morgan Stanley (MS) said that he would have to pay people well or lose them.
The Wall Street Journal reports that telecom stocks are no longer considered a safe haven.
The Wall Street Journal reports that Starbucks (SBUX) will plan a price campaign to help sales.
The Wall Street Journal reports that SAP”s (SAP) profits fell.
The Wall Street Journal writes that Siemens (SI) cut is earnings forecasts.
The Wall Street Journal reports that Burger King (BKC) cut it outlook.
The New York Times writes that the UAW stands to gain in the restructuring of Detroit.
The New York Times reports that Clear Channel is facing a cash flow crisis.
The New York Times reports that Intel (INTC) may face a large antitrust fine in Europe.
The New York Times reports that the German economy will contract by 6%,
The FT reports that the Bank of Japan cut forecasts.
The FT reports that Congress approved the $3.4 trillion budget.
The FT reports that banks are cutting overseas lending.
The FT reports that the Fed expects economic weakness to persist.
Bloomberg reports that the WHO believes that the first pandemic since 1968 is imminent.
Bloomberg reports that consumer spending probably dropped last month.
Douglas A. McIntyre
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