Media
Media Digest 4/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, HSBC (HBC) has a successful rights offering to raise $18.9 billion.
Reuters reports that a deal for IBM (IBM) to by Sun (JAVA) is near collapse.
Reuters writes that Geithner denies that the Administration CEO pay limits.
Reuters reports that GM’s (GM) CEO said that bankruptcy is an option for his company.
Reuters reports that Revolution Money which competes with Visa (V) and Ebay’s (EBAY) PayPal got $42 million from Goldman Sachs (GS).
Reuters reports that the Sony (SNE) PS3 outsold Nintendo’s Wii in Japan during March.
Reuters reports that MGM Grand (MGM) hired bankers to sell some of its casino assets.
Reuters reports that a key labor contract between AT&T (T) and one of its unions expired.
Reuters reports that the estimated cost of the bailout for taxpayers jumped according to a recent survey.
The Wall Street Journal reports that regulators will gather this week to talk about how to evaluate bank “stress tests.”
The Wall Street Journal reports that there is opposition to bolstering the Securities Investor Protection Corp which made payouts to some Madoff victims.
The Wall Street Journal writes that R&D money held steady in the final quarter of last year despite the recession.
The Wall Street Journal reports that Russia’s OAO Gazprom says it may have to cut its multibillion-dollar investment program amid collapsing demand for natural gas.
The Wall Street Journal reports that Sprint (S) is pushing the strength of its network to transfer data.
The Wall Street Journal reports that Google (GOOG) is facing a trademark suit over its AdWords program.
The Wall Street Journal reports that the market rally is about to hit the earnings season.
The Wall Street Journal reports that frugality may outlast the recession.
The Wall Street Journal reports that new retail sales data will show whether the consumer spending slump is slowing.
The Wall Street Journal reports that Lincoln National is facing two big debt payments.
The Wall Street Journal reports that some GE (GE) investors are getting nervous as earnings season approaches.
The Wall Street Journal reports that a new ETF will let investors bet on housing prices.
The Wall Street Journal reports that Lenovo says PC demand in China is rising.
The New York Times reports there is opposition to a plan to limit short selling.
The New York Times reports that micro-billing is becoming more common on cellphones.
The New York Times reports that NewYork-Presbyterian will begin offering digital health records.
The New York Times reports that T-Mobile will start to sell home phones with Google (GOOG) Android software.
The FT reports that the US is prepared to oust bank chiefs.
The FT reports that the IMF is pushing Eastern European countries to adopt the Euro.
The FT reports that trading for clients is lifting bank revenues.
The FT reports that Facebook is bringing in new users with online gambling.
Bloomberg reports that Alcoa (AA) may have an earnings free fall but Dow Chemical (DOW) may show recovery.
Douglas A. McIntyre
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