Investing

Media Digest 6/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   GM (GM) will file for Chapter 11 today.

Reuters:   Geithner told China its dollar assets are safe.

Reuters:   A judge approved the sale of most of Chrysler’s assets to a group led by Fiat.

Reuters:   German cut a deal to save Opel.

Reuters:   Private equity firm KKR lost $1.8 billion last year.

Reuters:   Elan is in talks to sell a stake to Bristol-Myers (BMY).

Reuters:   China’s economy is stabilizing and exports moved up slightly.

Reuters:   The Fed is puzzled by the steepening of the yield curve.

WSJ:   Ford (F) will increase production next quarter in an attempt to take business from its rivals.

WSJ:   “Lawmakers are pressing the Treasury Department to close a loophole to protect Social Security and disability benefits deposited in bank accounts from creditors.”

WSJ:   Emulux is expanding its push to prevent a takeover by Broadcom (BRCM).

WSJ:   Merck (MRK) and AstraZeneca are testing a new experimental cancer drug.

WSJ:   Geithner urges China to open its economy.

WSJ:   Emerging nations are increasing demand for key resources.

WSJ:   The Fed’s attempt to keep mortgage rates low is not working well.

WSJ:   The IMF expects jobs to trail GDP growth.

WSJ:   The demand for oil is staying low.

WSJ:   Weak demand for electricity could help consumers this summer.

WSJ:   Foreclosures are having a mixed impact on sales.

WSJ:   Temasek Holdings may sell its holding in Chartered Semiconductor.

WSJ:   Losses at homebuilders are expected to narrow.

WSJ:   International markets are at the center of the new stock rally.

WSJ:   The ISM data may not show a sharp recovery in the economy.

WSJ:   Improving results at banks are sending them on hiring sprees.

WSJ:   Commercial real estate will be a drawn-out problem for banks.

WSJ:   Retailers are felling the impact for foreclosures.

NYT:   The Big Three are no longer in a position to help bring the economy out of a recession.

NYT:   The battle for trading derivatives is at the heart of how much regulation of the banks is too much.

NYT:   Google (GOOG) will take on Amazon (AMZN) in the e-book business.

FT:   Microsoft (MSFT) and Sony (SNE) are taking aim at the market share of the Nintendo Wii.

FT:   A new reports says that the rebound in stocks cannot be sustained.

FT:   The US energy markets are bracing for hurricane season.

Bloomberg:   Goldman Sachs (GS) says commodity demand will produce a 19% return this year.

Douglas A. McIntyre

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