Media
Media Digest 1/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, the confidence of CEOs at Davos is low as the recession and credit crisis deepen.
Reuters reports that Yahoo! (YHOO) slightly beat earnings but posted a weak forecast.
Reuters reports that the House is close to passing the economic recovery bill.
Reuters reports that the Fed will hold rates near zero.
Reuters writes that Toyota (TM) will recall 1.35 million cars worldwide.
Reuters reports that the quarterly profit at Canon fell and the firm predicted worse.
Reuters writes that Target (TGT) cut jobs.
Reuters writes that Moody’s could cut GE’s (GE) triple A rating.
The Wall Street Journal reports that after Madoff, Ponzi schemes are proliferating.
The Wall Street Journal reports that the stimulus bill is not nearly $900 billion.
The Wall Street Journal reports that Coke (KO) will bet on Russia for sales.
The Wall Street Journal writes that Bank of America (BAC) CEO Lewis has the support of his board.
The Wall Street Journal reports that the jobless level rose in every state.
The Wall Street Journal reports that the threat of defaults on "jumbo" loans is rising.
The Wall Street Journal reports that the net at Novartis was up 70%.
The Wall Street Journal reports that wireless growth helped Verizon (VZ).
The Wall Street Journal reports that Hershey is doing well during the recession.
The Wall Street Journal writes that Sun (JAVA) showed some bright spots despite a loss.
The Wall Street Journal reports that State Farm will drop property coverage in Florida.
The Wall Street Journal reports that new TARP rules restrict lobbyists.
The Wall Street Journal reports that crude dropped over 9% in one day.
The Wall Street Journal reports that Dow Chemical (DOW) is seeking time to close its Rohm and Haas (ROH) deal.
The Wall Street Journal reports that Delta’s (DAL) loss went up but a turnaround is still expected.
The Wall Street Journal reports that Qualcomm (QCOM) will be hurt by the delay in digital TV.
The New York Times reports that the stimulus plan would provide a flood of aid for education.
The New York Times reports that Bristol-Myers (BMY) reliance on three drugs may hurt its strategy.
The FT says Rio Tinto (RTP) may sell equity to raise money.
The FT reports that the new Treasury Secretary force Citigroup (C) to stop plans to buy a jet.
The FT reports that Thain has been called to testify on Merrill Lynch.
The FT writes that Facebook is fighting Yahoo! and MSN (MSFT) for ads.
The FT reports that the flow of cash to the developing world is at risk.
The FT reports that Dow Chemical is considering it first dividend cut since 1912.
Bloomberg reports that the FDIC may run a "bad bank" of US firm financial assets.
Bloomberg reports that Treasuries declined at the stimulus package increased demand for corporate debt
Douglas A. McIntyre
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