Investing
Media Digest 7/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Last Updated:
Reuters: Pandit bought time at Citigroup (C) with a management reshuffle.
Reuters: Obama’s healthcare and climate plans are running into resistance.
Reuters: AIG (AIG) will pay more executive bonuses in July.
Reuters: The new GM will exit Chapter 11 today.
Reuters: The SEC and CFTC will police derivatives markets.
Reuters: UBS (UBS) will not comply with a US request to get account names.
Reuters: Start-ups are likely to use Google’s (GOOG) new operating system over Microsoft (MSFT) Windows.
Reuters: Chevron (CVX) said refining margins would hit earnings.
Reuters: The Treasury sold warrants from TARP financing at below market prices.
Reuters: More US homeowners are cutting prices.
Reuters: There are no easy ways for California to exit its budget crisis.
WSJ: The Administration is asking mortgage-services companies to modify more home loans.
WSJ: Firms are saying Treasury is asking too high a price for warrants from TARP money. JPMorgan (JPM) will allow the government to auction its in the open market.
WSJ: Economists oppose a second stimulus package.
WSJ: Asset allocation, an important investment approach, has failed recently.
WSJ: Exxon (XOM) made a major shale gas find.
WSJ: Firms that trade derivatives are fighting regulation.
WSJ: Amazon’s (AMZN) Kindle program will sell law books.
WSJ: Hitachi will outsource the making of its TVs.
WSJ: Officials warn that expanding the Fed’s mandate will hurt its independence.
WSJ: California is asking vendors for major cuts in prices.
WSJ: Cerberus is making it easier for investors to get out.
WSJ: Firms are offering software to ward off virus attacks from Korea.
WSJ: Citadel sued three former employees who had non-competes.
WSJ: Amazon (AMZN) is being hurt by not having a bricks-and-mortar component as states tax its sales.
WSJ: Oil dropped below $60.
WSJ: Weak June sales left retailer worried about back to school sales.
WSJ: Broadcom (BRCM) ended its bid for Emulux.
WSJ: Fuji Heavy may produce cars in China.
WSJ: Sprint (S) will outsource network operations to Ericsson (ERIC).
NYT: GM will bet much of its come back on the new Camaro.
NYT: Claims from Madoff victims were over 15,400.
NYT: A panel said taxpayers could loss money on undervalued warrants.
FT: China attacked the dollar’s dominance.
FT: China accused Rio Tinto (RTP) employees of bribery.
Bloomberg: China’s currency reserves may top $2 trillion.
Bloomberg: China failed to attract enough bidders in a note sale.
Douglas A. McIntyre
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