Media Digest 6/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The Supreme Court delays  Chrysler deal.

Reuters:   The cleared ten banks to repay TARP include JPMorgan (JPM), Goldmand Sachs (GS), American Express (AXP), Cpaital One(COF), State Street (STT), BBT (BBT), Morgan Stanley (MS), and US Bancorp (USB).

Reuters:   Senate Democrats revealed healthcare bill.

Reuters:   New York Times (NYT) will not close the Boston Globe

Reuters: The US trade deficit probably rose in April due to oil.

Reuters:   A House panel will subpoena the Fed over the Bank of America (BAC) deal to buy Merrill Lynch.

Reuters:   US financial reforms face tough resistance.

Reuters:   The old Apple (AAPL) iPhone may hurt Palm (PALM) Pre sales and RIM (RIMM) Blackberry.

Reuters:   GM picked the former head of AT&T (T) as its chairman.

WJS:   Obama dropped an aggressive plan to cap Wall St. pay.

WSJ:   The US has stepped up a probe of a deal between Google (GOOG) and the book industry.

WSJ:   Ford (F) is seeking government aid outside the US.

WSJ:   Tobacco companies such as Altria (MO) are likely to face more regulation.

WSJ:   The healthcare bill is beginning to crystallize.

WSJ:   The US dealt a blow to online poker players.

WSJ:   E*Trade (ETFC) and Citadel are in talks about more aide for the broker.

WSJ:   Steel mills are hiking prices.

WSJ:   Reverse mortgages are becoming more popular.

WSJ:   Microsoft (MSFT) gained search share with Bing potentially hurting Yahoo! (YHOO).

WSJ:   SEC has been hit with support for the uptick rule.

WSJ:   China’s Sina (SINA) shares fell as profits dropped.

WSJ:   T-Mobile (DT) said its customer data was not stolen as had been feared.

WSJ:   Concerns about the cost of China’s stimulus package are growing.

WSJ:   Congress is hesitating on IMF funding.

WSJ:   Buying troubled mortgages is a more tricky investment than expected.

WSJ:   China freed more companies to expand abroad.

WSJ:   The Bank of England urged more loans.

WSJ:   Porsche is near a deal to get money from Qatar.

WSJ:   Biogen (BIIB) proxy votes will probably give Icahn a board seat.

NYT:   Michigan is working to remake itself without car companies.

NYT:   Smartphones are moving from becoming gadgets to necessities.

NYT:   Hedge fund managers are investing more in emerging markets, often lifting results.

NYT:   German retailer Arcandor filed for Chapter 11.

NYT:   Revenue at Craigslist is probably $100 million.

FT:  Genting bought 3.6% of MGM Mirage (MGM).

FT:   Giethner sees the global storm abating.

Bloomberg:   BP (BP) said global oil reserves dropped last year especially in Norway, Russia, and China.

Douglas A. McIntyre