Media
Media Digest 2/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity.
Reuters reports that a poll of analysts cut Q2 earnings forecasts.
Reuters reports that Amazon (AMZN) launched a new Kindle
Reuters reports that UBS (UBS) will cut jobs after a Q4 loss.
Reuters writes that GM’s (GM) Lutz will retire.
Reuters writes that Russia says it will have no debt restructuring.
Reuters reports that US life insurers are being dragged down by bad investments.
The Wall Street Journal reports that Obama warned of a lost economic decade.
The Wall Street Journal reports that the best rated firms like Cisco (CSCO) are able to raise money.
The Wall Street Journal reports that emerging markets are seeing an economic slowdown.
The Wall Street Journal reports that the board of Genentech (DNA) tried to get a higher offer from Roche.
The Wall Street Journal reports that the UK said European regulators should give more power to local countries to oversee banks.
The Wall Street Journal reports that junk funds are looking at the high end of distressed debt.
The Wall Street Journal writes that JC Penney (JCP) is focusing on trendy lines.
The Wall Street Journal reports that Sandisk (SNDK) sees a rise in storage chips.
The Wall Street Journal reports that OPEC is delaying drilling projects.
The Wall Street Journal reports that Fedex (FDX) will cut 900 jobs.
The Wall Street Journal reports that Boeing (BA) won its satellite arbitration case.
The Wall Street Journal reports that Disney (DIS) is closing a deal with Dreamworks.
The Wall Street Journal writes that company inventories probably shrank last month.
The Wall Street Journal reports that the Treasury is turning to the Fed for improving lending.
The Wall Street Journal reports that Nomura fell 14%.
The Wall Street Journal writes that NYSE (NYX) posted a loss.
The Wall Street Journal reports that crude dropped under $40.
The Wall Street Journal reports that a plan by China to put money into Rio Tinto (RTP) forced its chairman out.
The Wall Street Journal reports that Pfizer (PFE) will report payments to doctors.
The Wall Street Journal reports that McDonald’s (MCD) sales moved up sharply in January.
The Wall Street Journal reports that Cablevision (CVC) went into the debt markets again.
The New York Times reports that the new stimulus bill could help tech and energy companies.
The New York Times reports that retail credit cards are facing worse defaults that the rest of the credit card market.
The FT writes that China inflation hit a 30-month low.
The FT reports that Kuwait may back the Rohm and Haas (ROH) with Dow (DOW).
The FT reports that IBM (IBM) will push further into cloud computing.
The FT reports that GM (GM) is fighting to avoid Chapter 11.
Bloomberg reports that an analyst believes Fannie Mae (FNM) and Freddie Mac (FRE) need $200 billion in aid.
Bloomberg reports that analysts think that the House stimulus bill will create more jobs that the Senate version.
Douglas A. McIntyre
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