Media Digest 6/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg.

Reuters:   Airlines are cutting back on first class seating.

Reuters:   Xstrata wants merger talks with mining rival Anglo American.

Reuters:   Employers are cutting 401 (K) plans.

Reuters:   Brand loyalty is being hurt by the recession.

Reuters:   The children of baby boomers may help the US housing market.

Reuters:   A manufacturing survey predicts a 2010 hiring rebound.

Reuters:   The Fed is looking at revamping the repo market.

Reuters:   Soros said the worst of the global recession is over.

Reuters:   Some Chinese business are facing the issues of morals versus profits.

WSJ:   Some data suggest weakness ahead in the stock market.

WSJ:   Siemens (SI) expects $21 billion dollars in orders from governments cutting energy costs.

WSJ:   US homebuilders are weathering the recession due favorable land deals.

WSJ:   The Fed will start to look at how it will begin to move out of the position it has taken to help the economy.

WSJ:   Jack Welch is putting his name on an online university.

WSJ:   The Nortel asset sale has set a low bar for the value of its businesses.

WSJ:   Shell discovered a massive gas field.

WSJ:   Large investors are shifting to index funds.

WSJ:   The recession is driving companies like Oracle (ORCL), SAP (SAP), and HP (HPQ) to sel more software online.

WSJ:   The new Apple (AAPL) iPhone caused long lines.

WSJ:   The NYSE (NYX) will take a position in the Qatar exchange.

WSJ:   Boutique firms are raiding big rivals.

WSJ:   Lobbyists are pushing the interest of banks trying to avoid new regulations (BAC)(C)(JPM)(WFC)(MS)(GS).

WSJ:   Many companies will not restore jobs cuts from the recession.

NYT:   Small car makers are benefiting from problems in Detroit.

NYT:   The Washington Post (WPO) readers were concerned that some content only appeared online.

NYT:   Investors are trying to turn phones into virtual credit cards.

NYT:   Google (GOOG) is starting to use Wikipedia for some of its news searches.

NYT:   Radbox is stating to take NetFlix (NFLX) business.

NYT:   T-Mobile is set to unveil a new Google phone.

FT:   The pay of bankers is moving up in an effort to keep employees>

FT:   Drug makers gave the Obama health plan a boost.

FT:   Swiss banks are on a crossroads on the secrecy issue (CS)(UBS).

Bloomberg:   The World Bank cut its global forecast citing trouble in poor countries.

Douglas A. McIntyre