Media Digest 6/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: June 4, 2009 3:00 am

Last Updated: March 10, 2020 6:38 pm

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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