Investing
Media Digest 6/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: GM and Chrysler said closing dealers was essential to their restructuring.
Reuters: The Justice Department is probing big tech employee recruiting.
Reuters: Medical bills underlay 60% of American bankruptcies.
Reuters: The US will offer its new financial regulatory plan on June 17.
Reuters: Chinalco may revise its Rio Tinto (RTP) bid.
Reuters: United (UAUA) is asking Boeing (BA) and Airbus to provide 150 new plans.
Reuters: Wal-Mart (WMT) will add 22,000 employees at US stores.
Reuters: Morgan Stanley (MS) may be among the first to exit the TARP.
Reuters: Touchscreen PCs may be more hype than reality.
Reuters: Creeping rates, volatility, and risk could derail the financial recovery.
WSJ: Bernanke warned that the deficit must be reduced.
WSJ: Banks are trying to escape off-balance-sheet accounting rules that could make them raise more money.
WSJ: Executives often sell shares in their companies right before their prices go down.
WSJ: Homebuilders see signs of stabilization.
WSJ: Merck (MRK) plans to sell its animal health assets.
WSJ: Electronics companies are now selling screens that are thinner than those released just a few years ago.
WSJ: Icahn claimed board seats in his fight with Biogen.
WSJ: Data Domain (DDUP) took at $1.9 billion order from NetApp (NTAP) over one from EMC (EMC).
WSJ: Dish Network (SATS) won a stay of a court victory by Tivo (TIVO).
WSJ: GM may become profitable but only because of billions of dollars in upfront investment by taxpayers.
WSJ: Temasek lost big on its investment in Barclays (BCS).
WSJ: The market is wondering if Pepsi (PEP) will stand by its original offer for its bottlers.
WSJ: Southwest (LUV) pilots rejected a new contract.
WSJ: News Corp (NWS) appointed a new president.
WSJ: Adobe (ADBE) is trying to crack the handset market.
NYT: Taiwan tech firms are seeking to expand into global markets.
NYT: More and more Americans cannot afford prescription medicines.
NYT: Rising interest rates on world debt could hurt growth across the globe.
NYT: Regulators will announced their plans for derivatives.
NYT: Investors in developing markets see optimism.
NYT: In its restructuring, GM will try to learn from its successful global operations.
NYT: Selling troubled mortgage assets would force banks to take large write downs.
NYT: Manchester United will replace AIG (AIG) as its sponsor.
FT: Clear Channel investors may force a debt restructuring on the company.
FT: AIG (AIG) may break up its aircraft leasing company.
Bloomberg: GM’s bonds indicate investors think its market value will eventually be greater than Ford’s (F).
Bloomberg: The International Air Transport Association says global airline losses will be worse than expected.
Douglas A. McIntyre
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