Media Digest 1/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the world is waiting on US jobs data to measure recession.

Reuters reports that a Congressional panel is upping criticism of the Treasury.

Reuters reports that corporate fraud scandals can happen anywhere.

Reuters reports that Moody’s warned on Honda (HMC).

Reuters reports that Yahoo (YHOO) is close to naming a new CEO.

Reuters reports that Citigroup (C) is backing a measure to stop foreclosures of those in bankruptcy.

Reuters reports that GM (GM) says it is confident it will get UAW concessions.

Reuters said a Fed official stated that the recession is deeper than was forecasted.

The Wall Street Journal reports that Palm (PALM) has launched its new handset.

The Wall Street Journal reports that retailers see tough months ahead.

The Wall Street Journal reports that Chevron (CVX) warned on profits.

The Wall Street Journal reports that Schlumberger began layoffs.

The Wall Street Journal reports that the Nasdaq will set an index to track companies which have been bailed out.

The Wall Street Journal reports that firms which pool money and invest in hedge funds saw their businesses drop to all time lows.

The Wall Street Journal reports that December payrolls are expected to plunge.

The Wall Street Journal reports that back office operations at banks are facing huge hurdles as banks merge.

The Wall Street Journal reports that long-term mortgage rates fell again.

The Wall Street Journal reports that Citigroup (C) may have $2 billion in exposure in the Lyondell bankruptcy.

The Wall Street Journal reports that a Cablevision (CVC) debt offering brought in $750 million.

The Wall Street Journal reports that Sears (SHLD) rallied on good results.

The Wall Street Journal reports that the UAW will not be allowed to strike during its negotiations with GM (GM).

The Wall Street Journal reports that Walgreen will eliminate 1,000 jobs.

The Wall Street Journal reports that TDK will cut 8,000 jobs.

The Wall Street Journal reports that Barnes & Noble (BKS) had a weak holiday season.

The New York Times reports that the Obama stimulus plan is getting resistance from his own party.

The New York Times reports that officials are looking into collusion in the municipal bond market.

The New York Times reports that trouble at Satyam could help rivals Accenture and I.B.M (IBM).

The FT reports that Microsoft (MSFT) is turning up the pressure on Yahoo! (YHOO) as it seeks a bigger share of the search market.

Bloomberg reports that the US job collapse was probably the biggest since WWII.

Douglas A. McIntyre.