Investing
Media Digest 6/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Investors are putting money into emerging markets except Eastern Europe.
Reuters: Stanford will go to court for a $8 billion fraud allegation.
Reuters: RIM’s (RIMM) outlook disappointed.
Reuters: CEOs at bailed out companies used corporate jets for private trips.
Reuters: Congress may not accept all of Obama’s financial reforms.
Reuters: Former Merrill executives are discussing buying back part of their old company from B of A (BAC).
Reuters: Goldman Sachs (GS) may be free of TARP restrictions but still has Buffett as a huge holder.
Reuters: The IMF said the decline in the world economy is moderating.
Reuters: KKR may reconsider its stock listing.
Reuters: AIG’s (AIG) ex-CEO said the company worried about its retirement plan.
WSJ: The Obama financial overhaul will hit non-bank companies that offer loans like Target (TGT) Harley (HOG), and Pitney Bowes.
WSJ: “Richard Scrushy was hit with a $2.88 billion civil judgment in a lawsuit brought by shareholders of the HealthSouth hospital chain.”
WSJ: China’s sovereign fund may put $500 million into Blackstone (BX) as a way to invest in distressed assets.
WSJ: The government will wrestle with the rising deficit and unemployment.
WSJ: Fiat is changing the culture at Chrysler.
WSJ: The FDA cleared Novartis drug that focuses on genetic triggers of disease.
WSJ: Amazon (AMZN) may have to cut costs if it is faced with new taxes.
WSJ: A Microsoft (MSFT) executive returned to Electronic Arts (ERTS).
WSJ: Barnes & Noble (BKS) is scaling back real estate expansion.
WSJ: GM hopes to speed its Chapter 11 exit.
WSJ: Google (GOOG) will invest in a genetics company.
WSJ: Smartphones are being used as modems.
WSJ: The Obama financial plan would put more pressure on stockbrokers to look after client interests.
WSJ: A key M&A executive left Merrill Lynch for JPMorgan (JPM).
WSJ: The US will sell $165 billion in securities next week.
WSJ: Boeing’s (BA) Dreamliner will still have trouble meeting its schedule.
WSJ: Duke Energy (DUK) may build a nuclear power plant.
WSJ: The FCC will examine plans that people who want hot phones have to agree to. This will include Apple’s (AAPL) deal with AT&T (T) for the iPhone and Sprint’s (S) deal for the Palm (PALM) Pre.
WSJ: Alcatel (ALU) and HP (HPQ) will set up a venture for communications and computer products.
NYT: A squeeze on credit card limits is hurting small business.
NYT: Swiss regulators are looking at ways to curb big banks.
NYT: Airbus is gaining new orders fairly quickly.
NYT: GM won the right to terminate lease on corporate jets.
NYT: The main owner of WebMD will merge with the site.
FT: The Senate attacked Geithner’s financial reform package.
Douglas A. McIntyre
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