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Media Digest 5/14/2009 Reuters, WSJ, NYT, FT, Bloomberg

Reuters   Obama hopes to have healthcare bill by July

Reuters   Documents on Paulson’s meetings with banks forcing them to take TARP have been released

Reuters   Banks sued MBIA (MBI) over its $5 billion restructuring.

Reuters   Lehman may spin off its remaining assets.

Reuters   Ford (F) is walking a tight rope during the industry downturn.

Reuters   The SEC is proposing action against former Countrywide CEO Mozilo.

Reuters   Sony (SNE) had a loss and predicted a bad year.

Reuters   The US government wants to oversee OTC derivatives.

Reuters   Many US homeowners believe a bottom has been reached.

Reuters   BT will cuts its dividend and 15,000 jobs.

Reuters   S&P says the US banking crisis could last until 2013.

WSJ   An EU fine of Intel (INTC) jolted the tech sector.

WSJ   Wall St is taking a wait-and-see attitude toward Administration rules on executive pay.

WSJ   Households and businesses worried about the economy are cutting loan demand.

WSJ   Lawmakers pressured the head of AIG (AIG) over its restructuring.

WSJ   Verizon (VZ) sold its landlines in 13 states.

WSJ   Businesses are no longer slashing IT budgets.

WSJ   The TARP will begin to help smaller banks.

WSJ   Retail sales weakened last month.

WSJ   Foreign banks are more upbeat about doing business in China.

WSJ   Wall St. bankers hoping to dodge TARP pay rules are not fleeing banks as quickly as was feared.

WSJ   Under certain circumstances, Fiat could own 51% of Chrysler.

WSJ   GM (GM) will import Chinese-built cars.

WSJ   A merger between Opel and Fiat could cost 18,000 jobs.

WSJ   MGM (MGM) is trying to raise $2.5 billion.

WSJ   Losses widened at Macy’s (M).

WSJ   Whole Foods (WFMI) sees significant deflation in fresh produce.

WSJ   Cisco (CSCO) will supply hardware for Clearwire’s (CLWR) 4G effort.

WSJ   IBM (IBM) is sticking with its earnings guidance

WSJ   Dr. Pepper profits rose but the bottom line at Snapple stayed bad.

NYT   Thriving Norway could provide and economic lesson to other countries.

NYT   The government plan to modify mortgages is off to a slow start.

NYT   The EU ruling against Intel (INTC) is unlikely to drag it down.

NYT   AIG (AIG) said its overhaul could take three to five years.

NYT   The Bank of England warned of a slow recovery.

NYT   A French court cleared eBay (EBAY) of selling counterfeit goods.

FT   Shares in CCB rose after Bank of America (BAC) sold a stake.

FT   Generic drugs pose a threat to Tamiflu.

FT   Fiat talks with GM (GM) on buying some of the US firm’s business are hung up on Latin American operations.

Bloomberg   California is seeking TARP backing for bonds meant to close its deficit.

Douglas A. McIntyre

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