Media
Media Digest 4/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential.
Reuters reports that the Fed says its current plan is to prevent inflation.
Reuters reports that a new survey of economists says the recession will end in the second half of the year but employment will not improve until well into that last part of 2010.
Reuters reports that Asia’s China-fueled equity rally may run out of steam.
Reuters reports that Chevron (CVX) warned on Q1 earnings.
Reuters reports that Boeing (BA) says that it will have a weak Q1 and that it would cut plane production.
Reuters writes that J&J (JNJ) will cut 900 people, mostly in sales.
Reuters reports that Motorola’s (MOT) ex-CFO says he was fired for doubting forecasts.
Reuters writes that retail numbers offered a little hope that the industry is turning around.
The Wall Street Journal writes that Goldman Sachs (GS) may make a multi-billion stock offering to pay off its TARP funds.
The Wall Street Journal reports that the government is squeezing car company creditors to make concessions.
The Wall Street Journal reports that some signs point to a stabilizing economy.
The Wall Street Journal reports that Colony Capital broke off financing talks with MGM Grand (MGM).
The Wall Street Journal reports that the on-time performance of airlines improved.
The Wall Street Journal writes that the number of car dealers is still shrinking.
The Wall Street Journal reports that lenders are rolling out new tools for refinancing homes.
The Wall Street Journal reports that Barclays (BCS) sold its iShares unit to CVC fro $4.1 billion.
The New York Times reports that farmers are feeling the sting in the drop of US exports.
The New York Times reports that Toyota (TM) may be planning a huge reorganization of it North American business.
The New York Times reports that GM (GM) may offer only stock to some bondholders.
The New York Times reports that Google’s (GOOG) YouTube and Universal will create a hub for music.
The New York Times reports that the Bank of England will complete a $110 billion purchase of bank assets.
Bloomberg reports that China’s exports dropped for the fifth straight month.
Douglas A. McIntyre
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