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