Media Digest 4/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Congress passed the Obama budget

Reuters reports that cautious optimism greeted plans from the G-20 summit.

Reuters reports that banks are considering buying toxic assets sold by other banks.

Reuters reports that GM (GM) and its creditors and unions are in a footrace to restructure the company.

Reuters writes that US CEO pay fell last year.

Reuters reports that Congress is near legislation for insurance firms.

Reuters reports that US non-farm payrolls probably dropped by 650,000.

Reuters writes that American Air (AMR) is in talks with Citigroup (C) to increase cash.

Reuters reports that IBM (IBM) cut its offer for Sun (JAVA).

Reuters reports that Rupert Murdoch says newspapers should charge for content on the web.

The Wall Street Journal reports that the key to Stanford’s fall was a hard sell of CDs.

The Wall Street Journal reports that the normal places that unemployed get jobs, like retail, are not hiring.

The Wall Street Journal reports that shoppers globally are reducing spending.

The Wall Street Journal reports that Northrop will pay $325 million to settle a suit.

The Wall Street Journal reports that cost cutting may save the San Francisco Chronicle.

The Wall Street Journal reports that Hank Greenberg says the AIG (AIG) rescue has failed.

The Wall Street Journal writes that sales at RIM (RIMM) were better than expected.

The Wall Street Journal reports that the FHA could use taxpayer funds.

The Wall Street Journal reports that the clean air agency is languishing.

The Wall Street Journal reports that MediaNews has reached an agreement on deferring its debt.

The Wall Street Journal reports that T-Mobile has threatened use of eBay’s (EBAY) Skype.

The Wall Street Journal reports that Obama still faces challenges from Germany and France.

The New York Times reports that world leaders pledged $1.1 trillion to tackle the global financial crisis.

The New York Times reports that new accounting rule will let banks put new values on their assets.

The New York Times reports that the US may allow rivals Boeing (BA)GM and Northrup to share a $35 billion air tanker deal.

The New York Times reports that banks may reports losses on China reality investments.

The New York Times report that GM (GM) will consider bankruptcy.

The New York Times reports that the European Central Bank cut a key interest rate by .25%.

The New York Times reports that GE (GE) and Intel (INTC) will create a health monitoring system.

The FT reports that non-US banks will lose out when America changes bank accounting rules.

Bloomberg reports that hedge fund clients want lower management fees.

Bloomberg reports that the Fed is having troubling bringing in investors for the TALF because of fear about how the program will be run long-term

Bloomberg reports that GE is threatening Philips with its move into home healthcare.

The Washington Post reports that under new accounting rules toxic assets may be revalued.

The Wall Street Journal reports that data shows Chinese manufacturing rose in March.

BusinessWeek reports that cable companies are working on becoming more “web like.”

Douglas A. McIntyre