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Media Digest 5/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Central bankers in the US and Europe are battling deflation and inflation simultaneously.

Reuters:   GM (GM) is close to bankruptcy but the fate of Opel is still open.

Reuters:   Citigroup (C) and the SEC are working on settling charges on an asset disclosure problem.

Reuters:   A US plan to buy bad bank assets is in trouble.

Reuters:   Despite the recession there is still a large demand for people in certain sectors.

Reuters:   The hardest part of the Chrysler bankruptcy is still ahead.

Reuters:   The battle between Target (TGT) and Ackerman will come to a head soon.

Reuters:   Hedge fund Pequot folded as a SEC investigation drags on.

Reuters:   News Corp (NWS) hope to broaden its ad deal with Google (GOOG).

WSJ:   The Administration is close to setting up one agency to regulate banks.

WSJ:   Time Warner (TWX) is prepared to separate AOL.

WSJ:   A sharp drop in factory production is likely.

WSJ:   Visteon plans to go into Chapter 11.

WSJ:   Positive clinical trials and successful financing are reviving the biotech industry.

WSJ:   A Russian will run the country’s energy joint venture with BP (BP).

WSJ:   Yahoo! (YHOO) CEO Bartz said a search deal with Microsoft (MSFT) is possible for a large sum of money.

WSJ:   Social network sites are expanding their reach.

WSJ:   Low prices helped existing home sales.

WSJ:   The Fed says that banks cannot use projections of future revenue as a way to cut the money they must raise.

WSJ:   Dell (DELL) is moving into service businesses to help earnings.

WSJ:   The FDIC painted a dark picture of the future of banks.

WSJ:   Bank margins on loan portfolios may not be as good as they seem.

WSJ:   Wal-Mart (WMT) is about to export its big box retail approach to India.

WSJ:   Slow sales hurt Staples (SPLS).

WSJ:   HP (HPQ) is in talks with Chinese cellular carriers about marking PCs there.

NYT:   China may be about to set strict vehicle mileage rules.

NYT:   Music labels are cutting more friendly deals with small start-ups.

NYT:   Geithner will meet with Chinese officials and will try to calm them down over America’s rising debt.

NYT:   A management shake-up at Shell is aimed at streamlining decision making.

FT:   Opel talks are not completed because of an increase in the amount of money GM wants.

FT:   OPEC will leave output unchanged.

FT:   Best Buy (BBY) will launch a fund to invest in Internet media.

FT:   JP Morgan (JPM) warned of huge credit card write-offs.

Douglas A. McIntyre

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