Media Digest 6/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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