Media Digest 5/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters : Intel (INTC) said its results are running better than expected.

Reuters :  The government is looking at a pay overhaul in the financial sector.

Reuters: Economic woes are hurting the Medicare and Social Security trust funds.

Reuters: The Chrysler bankruptcy may take two years.

Reuters: The US may be at risk for losing its Triple-A credit rating.

Reuters:   Ford (F) raised $1.4 billion through its new stock offering.

Reuters: Bank of American (BAC) and other US banks are rushing to raise capital.

Reuters: US foreclosure filings set another record in April and will probably keep moving higher.

Reuters: IBM (IBM) launched a real-time data analysis software program

Reuters: Private equity firms are willing to wait up to two years to sell assets hoping the market will return.

WSJ: Companies are rushing to sell stock, debt, and even junk bonds.

WSJ: State tax collections continue to fall.

WSJ: US median house prices fell 14%.

WSJ: AIG (AIG) trustees are seeking a permanent CEO.

WSJ: Fiat may get a larger ownership in Chrysler if it will make engines in the US.

WSJ: Foreclosures are weighing on Freddie Mac (FRE) results.

WSJ: Low airplane deliveries hurt EADS results.

WSJ: Oil topped $60, defying the recession.

WSJ: Microsoft (MSFT) is planning a 3D camera for the Xbox.

WSJ: The CEO of IACI’s (IACI) Ask.com unit is leaving.

WSJ: Retail earnings may be better as consumers return to stores, but they may not beat expectations.

WSJ: Executives at GM (GM) sold shares pushing the stock down.

WSJ: Shares in GM (GM) returned to 1930s levels.

WSJ: The jump in small cap shares may be “too much, too fast.”

WSJ: Chrysler will try to exit 10 unexpired lease on properties where it operates.

WSJ : Rail freight traffic is running down 20%, a sign the the recovery may be less robust than it seems.

WSJ: Some hedge funds are putting more assets into gold.

WSJ: CVS (CVS) is steering pharmacy-benefits to its own stores and raising co-pays if they go elsewhere.

WSJ: Macy’s (M) is focusing on customer at rivals who have closed.

WSJ: A Belgian buyout firm is looking at Opel

WSJ: Nissan reported its first annual loss under Ghosn

WSJ: A judge approved GMAC as the primary lender to Chrysler customers.

WSJ: PetroChina (PTR) says the down markets may help it with M&A.

WSJ: CareerBuilder is offering bounties for new ads.

WSJ: Hitachi and NEC posted losses.

NYT: The US has paid out less thnt 6% of the $787 billion stimulus package mostly in social service payment to states.

NYT:   Records show that $12 billion was pulled out of Madoff funds in 2008.

NYT: A huge fleet of ships is anchored off Singapore waiting for cargo which may not come soon.

FT: Recovery signs are lifting commodities prices.

FT: Citigroup (C) directors are facing pressure to resign.

FT: The FTC warned Cheerios over health claims.

FT: Freddie Mac (FRE) will draw another $6.1 billion from the government.

FT: GE (GE) will build a $100 million battery factory.

FT: The IMF is urging stress test for Europe banks.

FT: The new government program to modify mortgages may be inadequate.

Bloomberg: ING posted over $1 billion in losses.

Bloomberg: China’s industrial output grew 7.3% which was less than expected.

Douglas A. McIntyre