Media Digest 6/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: June 2, 2009 2:58 am

Last Updated: April 28, 2020 1:24 am

Reuters: Global consumer confidence is improving.

Reuters: GM (GM) filed for Chapter 11 and expects a quick exit.

Reuters: Most US retailers probably had sales drop in May.

Reuters: China gave Geithner backing for the US programs to stimulate the economy.

Reuters: The DJIA was shaken up as GM (GM) and Citigroup (C) were taken out and Travelers and Cisco (CSCO) were added.

Reuters: Applied Materials (AMAT) sees more failures of semiconductor companies.

Reuters: JPMorgan (JPM) and American Express (AXP) will sells shares to pay back TARP funds.

Reuters: Toshiba expects it sales in the US to move up due to improvements in the economy.

Reuters: Target (TGT) will partner with DailyCandy.com.

Reuters: Interest in a government program to buy toxic assets is disappearing.

Reuters: Citigroup (C) is halting severance payments to some executives who left.

WSJ: EMC (EMC) made a big to buy Data Domain.

WSJ: A committee backed the BOE in its oversight role.

WSJ: Micron (MU) will spin-off its imaging unit.

WSJ: China is probing US steel imports.

WSJ: News Corp (NWS) may bring in an executive to serve as its No.2 manager.

WSJ: The Supreme Court will consider whether business method patents should be expanded.

WSJ: A Gulf oil billionaire is selling his stake in Barclays (BCS).

WSJ: Americans are saving more money.

WSJ: Analysts will find out if car buyers are bothered by Chapter 11 when Chrysler reports May numbers.

WSJ: Treasury yields soared on concerns about the economy fading.

WSJ: An accounting rule could hurt bank earnings this quarter.

WSJ: Liberty Media is making money on its investment in Sirius XM (SIRI).

WSJ: AMD (AMD) launched its new line of server chips.

NYT: The UAW faces a balancing act as a GM (GM) shareholder.

NYT: Investors have offered a new plan to take Delphi out of Chapter 11.

NYT: A comprehensive plan to overhaul the US financial industry will go to Congress this summer.

NYT: The FDA may reveal more data on its actions.

NYT: Money sent home from Mexican workers in the US fell sharply.

NYT: Interest rate cuts are starting to improve the global economy.

FT: China backed the US dollar as the reserve currency.

FT: CCB revealed its aversion to stakes in western banks.

Bloomberg: Goldman Sachs (GS) will raise $1.9 billion by selling its ICBC shares.

Douglas A. McIntyre

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