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

Investing

Douglas A. McIntyre

Published: June 1, 2009 3:01 am

Last Updated: April 28, 2020 1:24 am

Reuters: 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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