Media Digest 2/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Congress is ready to pass the stimulus package.

Reuters reports that Chinalco is putting $17.5 billion into Rio TInto (RTP).

Reuters reports that Wall St. CEOs were attacked by Congress.

Reuters writes that HSBC (HBC) says Asia will be the first region to recover from the global recession.

Reuters reports that bankers told Congress that they will help homeowners.

Reuters reports that the Fed is cautious on the idea of buying Treasuries.

Reuters reports that Pioneer will exit flat screens and cut 10,000 jobs.

Reuters reports that Sirius (SIRI) is in talks with DirecTV (DTV) and Liberty.

Reuters reports that GM (GM) is in talks with China’s SAIC to raise cash.

Reuters reports that RealtyTrac says January foreclosures fell.

The Wall Street Journal report that the head of Swiss Re resigned.

The  Wall Street Journal reports that there are some hints of stability in the financial system.

The Wall Street Journal reports that the Ticketmaster merger is drawing more criticism.

The Wall Street Journal reports that GM (GM) offered retirement incentives to 22,000.

The Wall Street Journal reports Facebook and Nokia (NOK) are discussing an alliance.

The Wall Street Journal reports that the new stimulus package will give the economy less support in the short term

The Wall Street Journal reports that falling gas prices may be gone as a stimulus.

The Wall Street Journal reports that Merrill gave $1 million to each of 700 of its staff.

The Wall Street Journal reports that the Harvard endowment cut stock holdings.

The Wall Street Journal reports that shareholders at CBS (CBS) want less talk and more action.

The Wall Street Journal reports that gold is moving toward $1,000 again.

The Wall Street Journal reports that world oil demand will be off 1.2%.

The Wall Street Journal reports that RIM (RIMM) margins are being squeezed.

The Wall Street Journal reports that Genzyme is seeing an increase in one of its key drugs.

The Wall Street Journal reports that the FCC approved the Time Warner (TWX) spin-off of Time Warner Cable (TWX).

The New York Times reports that the ethanol industry is struggling.

The New York Times reports that a Sanofi drug was found effective for heart treatment.

The New York Times reports that the oil industry is getting ready to do more on global warming.

THe FT reports that China will continue to hold US bonds.

The FT reports that the use of genetically modified crops is spreading.

Bloomberg reports that Goldman Sachs (GS), Morgan Stanley (MS) and JP Morgan (JPM) are in a race to pay back TARP funds.

Douglas A. McIntyre