Media Digest 3/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed.

Reuters reports that HSBC (HBC) announced a $17.8 billion rights offering.

Reuters reports that the GM (GM) “culture” may be too big a problem to overcome.

Reuters reports that Sony’s (SNE) shares rose after the CEO took more control of the company.

Reuters reports that memory chip company Spansion filed for Chapter 11.

Reuters reports that it will take UBS (UBS) two to three years before it has sustainable profits.

The Wall Street Journal reports that American Express (AXP) is returning to its roots as a charge card company for the well to do.

The Wall Street Journal writes that the EU rejected give aid to Eastern Europe.

The Wall Street Journal says that KKR’s  holdings lost 32% of their value last quarter.

The Wall Street Journal reports that NYSE (NYX) will speed its trades to keep up with competitors.

The Wall Street Journal reports that withdrawals are hurting hedge funds.

The Wall Street Journal reports that Harrah’s plans to cut it debt.

The Wall Street Journal reports that Amazon (AMZN) has changed its audio features.

The Wall Street Journal reports that an upturn in stocks would be a good sign that the recession has bottomed.

The Wall Street Journal writes that RBS (RBS) is in talks with ANZ to sell some Asia assets.

The Wall Street Journal reports that China is targeting more economic stimulus.

The Wall Street Journal reports that some cable stocks are at bargain prices.

The Wall Street Journal writes that Obama may release crude from the Strategic Oil Reserve to keep down crude prices.

The Wall Street Journal reports that GM (GM) may sell parts of Opel to raise money in Europe.

The New York Times reports that India may be doing better than other economies due to its protectionism.

The New York Times reports that Intel (INTC) and Microsoft (MSFT) are building projects for an artificial intelligence future.

The FT reports that Motorola (MOT) is upbeat about its mobile unit’s future.

Bloomberg reports that oil is being pushed down by the US recession.

Bloomberg reports that the future of the Toyota (TM) Prius hybrid is being hurt by falling car sales and competition from Honda (HMC).

Douglas A. McIntyre