Investing
Media Digest 5/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Last Updated:
Reuters: The Treasury is keeping banks guessing about when they can repay TARP funds.
Reuters: Bank of America (BAC) has raised more than $13 billion in share sales.
Reuters: Hewlett-Packard’s (HPQ) financial outlook disappointed the market.
Reuters: Terminated Chrysler dealers will challenge the sale of the company’s assets.
Reuters: Obama is considering an agency to protect consumer’s financial interests.
Reuters: Microsoft (MSFT) may unveil a new search engine.
Reuters: Facebook’s CEO said an IPO is several years away.
Reuters: Japan had a sharp drop in GDP.
Reuters: A group of AIG (AIG) investors will get $843 million.
Reuters: AT&T (T) is considering a cheaper data plan for the Apple (AAPL) iPhone.
Reuters: GM’s (GM) bankruptcy would hope to cause a quick sale of assets.
Reuters: Treasury is seeking to fill out its team of senior officials.
WSJ: Banks are holding life insurance policies for workers with themselves as beneficiaries to help fund bonuses.
WSJ: Officials are thinking about having one mortgage regulator.
WSJ: Investors are beginning to buy distressed homes.
WSJ: A new bill passed by the Senate would cut credit card fees.
WSJ: Californians rejected new budget measures.
WSJ: Obama’s fuel plan will put the final touches on a plan to restructure the car industry.
WSJ: AstraZeneca accused of promoting antipsychotic drug Seroquel for unapproved uses in children and elderly
WSJ: AIG (AIG) trustee is beginning restructuring the firm’s board.
WSJ: Intel (INTC) is unveiling software to compete with Microsoft (MSFT) Windows.
WSJ: Home Depot (HD) made a cautious forecast with its earnings.
WSJ: Palm’s (PALM) Pre is set for a June debut.
WSJ: The gap between long-term and short-term Treasuries is growing, signaling a recovery.
WSJ: Allstate (ALL) rejected money from the TARP.
WSJ: Saks (SKS) shares are up sharply but the retailer is still in trouble.
WSJ: MGM (MGM) is betting on hotels in Asia and the Middle East.
WSJ: Porsche and VW reaffirmed their goal to combine the companies.
WSJ: The CEO of GE (GE) said he is optimistic about the company’s outlook.
WSJ: A proxy firm backed investors challenging Target (TGT).
NYT: The SEC may set a rule to improve the chances of investors electing company board members.
NYT: TV advertisers are being offered closer ties to content.
NYT: Shareholders rejected pay packages for Shell executives.
FT: Three companies are bidding for part of GM’s (GM) Europe operations.
FT: JPMorgan (JPM) criticized rules that prevent some foreign workers from being employees of the bank.
Bloomberg: The US may take some powers from the SEC and give them to the Fed.
Bloomberg: The head of Electronic Arts (ERTS) says a new fitness game may help Nintendo Wii sales.
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