Media Digest 7/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: July 2, 2009 3:04 am

Last Updated: March 10, 2020 6:43 pm

Reuters: California declared a financial emergency.

Reuters: An SEC attorney raised concern about a Madoff report in 2004.

Reuters: Auto parts supplier Lear filed for bankruptcy.

Reuters: NYC apartment sales are down more than 50%.

Reuters: Beijing Automotive will bid for Opel.

Reuters: GM told a judge asset sales was its only option.

Reuters: The Treasury will name 9 managers for its toxic asset plan.

Reuters: Investors are turning to stock picking after the big rally.

Reuters: Domestic cars sales were down again and Ford (F) picked up share.

Reuters: The rights offering for Rio Tinto (RTP) had a strong demand and Chinalco kept its percentage steady.

Reuters: Madoff customers have gotten $231 million so far.

WSJ: The appointment of the president of the NY Fed shows how little power regional directors have.

WSJ: Big pay packages are back on Wall St. and Goldman Sachs (GS) workers may get an average of $700k this year.

WSJ: Boeing (BA) is tightening its grip on 787 production.

WSJ: Housing and ISM data lifted stocks.

WSJ: Beazer (BZH) will pay up to $53 million in fines to settle mortgage fraud charges.

WSJ: GM will aim at an IPO next year.

WSJ: GM sales show the importance of China.

WSJ: A law cutting mobile phone fees in the EU took effect.

WSJ: Sirius (SIRI) raised the compensation of CEO Mel Karmazin.

WSJ: Inflation is unlikely because unemployment is so high.

WSJ: BP (BP) bid to build oil field in Iraq faces challenges.

WSJ: The price of the AIG (AIG) investment unit appears to be falling.

WSJ: NYSE (NYX) has cut trading times to five milliseconds.

WSJ: S&P’s (MHP) bond rating chief left.

WSJ: China’s massive loan expansion may become a problem.

WSJ: Roche cut the Tamiflu price for developing countries.

WSJ: Dow Chemical (DOW) will cut three plants.

WSJ: Overstock (OSTK) dropped affiliates in four states to protest taxes.

WSJ: The new president of News Corp (NWS) could earn $43 million in his first year.

NY Times: GM must complete the sales of its assets by July 10 or it could lose government financing.

NY Times: A cut in risk at Morgan Stanley (MS) may lead to a loss.

NY Times: Banks are increasing fees to offset losses.

NY Times: Anti-smoking drugs Chantix, made by Pfizer (PFE), and Zyban, made by GlaxoSmithKline (GSK), can could lead to suicide and mental illness in some cases.

NY Times: Facebook will offer new features to help users maintain privacy.

FT: Data are showing signs of a global recovery.

FT: SEC is urging rewarding whistle blowers.

FT: K-Mart (SHLD) will offer discounts to the unemployed.

FT: WPP’s CEO sees no signs of an economic recovery.

Bloomberg: The stimulus package is probably not improving hiring.

Douglas A. McIntyre

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