Media Digest 5/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Bears control the dollar because of concerns about the deficit and heal of the US economy.

Reuters:   Crunch time looms for the GM (GM) and Chrysler restructurings.

Reuters:   The US is cracking down on corporate bribes.

Reuters:   Green shouts may be showing but the G8 says the crisis is not over.

Reuters:   Chrysler dealers vow to fight to the finish.

Reuters:   Twitter is considering a move into the TV business.

Reuters:   India’s Bhati and South Africa’s MTN are planning a merger.

Reuters:   Lehman’s US and UK operations are at odds over bankruptcy plans

Reuters:   Rio Tinto (RTP) says it deal with Chinalco is still evolving.

Reuters:   Nokia (NOK) is rolling out an app store to compete with Apple’s (AAPL).

Reuters:   Krugman says the world economy is stabilizing.

Reuters:   The continuing drop in corporate profits means more job losses.

WSJ:   More small firms are dropping healthcare.

WSJ:   The number of securities analysts is shrinking making it harder for public companies to get coverage.

WSJ:   Companies are vying for US money to support development of better battery power.

WSJ:   eBay (EBAY) is still having trouble keeping it core auction business growing.

WSJ:   Twitter has 32 million users but no revenue model.

WSJ:   European investors are buying up corporate debt.

WSJ:   VW and BYD may team up on electric cars.

WSJ:   Rio Tinto (RTP) and Nippon Steel have agreed on ore prices.

WSJ:   Mortgage modifications are failing to halt defaults.

WSJ:   Tech stocks are putting zest into the IPO market.

WSJ:   Madison Avenue is flirting with 3D ads.

WSJ:   A Taiwan firm will sell Google (GOOG) Android-based phones in China.

WSJ:   A true recovery in the housing market means prices must move back up.

WSJ:   New rules will reopen China’s IPOs.

NYT:   Europe is refusing to reduce the number of protected workers at car companies, hurting competitiveness.

NYT:   States and municipalities want the US to back their bonds.

NYT:   TV networks are launching record numbers of sitcoms.

NYT:   A wwll-known German economist believes that global growth will start again next year.

FT:   Obama has been urged to curb “buy American” measures in some legislation.

FT:   German will soon say who the winner is in the bid for Opel.

FT:   China Mobile (CHL) will debut a Google (GOOG) Android-based phone.

Bloomberg:   JPMorgan (JPM) got a $29 billion windfall by converting WaMu bad loans into income.

Bloomberg:   Porsche’s $24 billion in options profits is in trouble as VW fights a merger.

Douglas A. McIntyre