Investing
Media Digest 5/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Twitter will release business tools in an attempt to make money.
Reuters: A GM (GM) bankruptcy is seen as nearly inevitable.
Reuters: American Express (AXP) will cut 4,000 jobs.
Reuters: Obama will unveil aggressive car fuel standards.
Reuters: Madoff trustee sues Fairfield Group for $3.5 billion
Reuters: Mail blue collar workers are losing ground in employment and compensation.
Reuters: US home-builder sentiment rose to an eight month high.
Reuters: AMD (AMD) sees a profit by the end of the year.
Reuters: Sony Ericsson wants to raise $135 million.
Reuters: Agricultural leaders see free trade as a buffer against recession.
Reuters: Some big banks will apply to repay TARP funds.
WSJ: Nine hundreds small and medium sized banks face $100 billion in losses from real estate.
WSJ: Blackrock (BX) has been approved to buy toxic bank assets with access to public money.
WSJ: Farms are starting to feel the credit pinch.
WSJ: Google (GOOG) is starting to sift through data to tell who may quit the firm.
WSJ: Small firms are waiting for the credit thaw.
WSJ: Credit card firms are preparing for new government regulations.
WSJ: A decline in the cost of drilling is helping energy firms with shrinking margins.
WSJ: Canadian banks have an eye on US lenders.
WSJ: Vodaphone’s (VOD) net dropped on write-downs.
WSJ: An alternative to energy chips may be available.
WSJ: New taxes loom to pay for an overhaul of healthcare.
WSJ: HP’s (HPQ) printing business may turn in bad results.
WSJ: Oil moves toward $60 and OPEC cuts are unlikely.
WSJ: Hedge funds at cutting fees to get new money.
WSJ: US states are joining suits over a potential Wyeth (WYE) fraud.
WSJ: The new Toyota (TM) Prius will fight for market share against the Honda (HMC) Insight.
WSJ: Chrysler is extending buyout offers to employees.
WSJ: HP and Dell (DELL) are struggling to show they can make profits in a tough environment.
WSJ: Kirkorian’s share in MGM (MGM) is dropping.
NYT: Cerdit card companies will turn to their best customers to make more money.
NYT: Home Depot (HD) is preparing for continuing weakness among its customers.
NYT: The amount that the government gets for warrants from TARP investment will determine who taxpayers will do
NYT: Starbucks (SBUX) expects it message to spread through social networks.
FT: Lehman is seeking a probe into assets sold to Barclays (BCS).
FT: Vodafone will speed up cost cuts.
FT: Companies face higher hedging costs for fuel.
FT: China and Brazil may replace the dollar and use their own currencies for trade.
Bloomberg: Berkshire Hathaway (BRK.A) is cutting back its stock repurchases to save cash.
Douglas A. McIntyre
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