Media
Media Digest: 2/9/2008: Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, Nissan forecast an annual loss.
Reuters reports that the Treasury has delayed it bank bailout announcement.
Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) will channel new money for modified mortgages.
Reuters reports that Barclays (BCS) forecast beat expectations.
Reuters writes that GM (GM) is in talks to take back part of Delphi.
Reuters writes that the Treasury is approving TARP money for insurance companies.
Reuters reports that Microsoft (MSFT) will open a store for cellphone software.
The Wall Street Journal reports that Sirius (SIRI) got a buyout proposal from Charles Ergen last year and rejected it.
The Wall Street Journal reports that Disney (DIS) has reached a partnership with Dreamworks.
The Wall Street Journal reports that people in rural India are rapidly buying mobile phones.
The Wall Street Journal reports tat the renewable energy grid will be costly.
The Wall Street Journal reports that results from Coke (KO) and Pepsi (PEP) could point to signs of consumer demand habits.
The Wall Street Journal reports that profits at big US companies dropped 32% last year, making a stock market rebound unlikely.
The Wall Street Journal reports that US stockpile of oil are moving up, hurting OPEC.
The Wall Street Journal reports that Big Pharma companies are becoming addicted to debt.
The Wall Street Journal reports that big firms are trying to get control of inventory.
The Wall Street Journal reports that Starbucks (SBUX) will sell a discount breakfast.
The New York Times reports that the bank bailout will seek private funds.
The New York Times reports that analysts are keeping “buy” ratings on stocks.
The New York Times reports that The New York Times Company (NYT) may be well positioned for the recession.
The New York Times report that Live Nation and Ticketmaster are about to announce a merger.
The New York Times reports that Comcast (CMCSA) will offer more local sports.
The New York Times writes that former Portfolio.com editors have started a website about the recession.
The FT reports that Obama is raising pressure to get the stimulus bill passed.
The FT reports that the head of Goldman Sachs (GS) wants more strict accounting for the industry.
The FT reports that long-term home loan rates are moving back up.
The FT reports that sales of PCs will probably fall for the first time in eight years during 2009.
Bloomberg reports that GM (GM) and Chrysler may be put into bankruptcy to protect US loans.
Douglas A. McIntyre
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