Media
Media Digest 2/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, Obama is prepared to put up to $750 billion into banks.
Reuters reports that the government and Citigroup (C) has worked out an equity conversion deal that will give the government a large stake in the bank.
Reuters reports that the attorney general in NY wants a list of the top bonuses from Bank of America (BAC)
Reuters reports that American reaction to the Obama budget was mixed.
Reuters reports the Lloyds posted a $15 billion loss.
Reuters reports that Dell (DELL) sees a sales contraction in Asia.
Reuters reports that Yahoo! (YHOO) reorganized its top management.
Reuters reports that the CFO of Microsoft (MSFT) sees tough times ahead.
The Wall Street Journal reports that the FDIC will double fees charged to lenders.
The Wall Street Journal reports that Fannie Mae (FNM) lost $25 billion.
The Wall Street Jouranl reports that GAP (GPS) had a 13% sales drop.
The Wall Street Journal reports that data shows the recession is deepening.
The Wall Street Journal reports that Buffett is still taking the long view on his investments, but his shareholders may not agree.
The Wall Street Journal reports that heavy discounting hit Sears.
The Wall Street Journal reports that Cablevision posted a big loss.
The Wall Street Journal reports the China bought a big Canadian oil company.
The New York Times reports that GM (GM) reduced it fuel economy estimate.
The New York Times reports that insurance companies worry they will not get bailout money.
The New York Times reports that the CEO of Sony (SNE) pushed out the president and took his job.
The FT reports that Fannie Mae will draw another $15 billion from the government.
Bloomberg reports that the government wants Citigroup to get private capital and change its board.
Bloomberg reports that the US is working with troubled car company suppliers.
Douglas A. McIntyre
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