Media Digest 4/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, GM (GM) has been told by Treasury to begin work on a bankruptcy.

Reuters reports that China’s growth has started to move inland from the coast.

Reuters reports that Credit Suisse (CS) is starting to close down the offshore accounts of US customers.

Reuters writes that the The Ethisphere Institute named the world 99 most ethical companies.

Reuters reports that Express Scripts (ESRX) will buy a WellPoint (WLP) unit for $4.7 billion.

Reuters reports that HSBC (HBC) may sell its London headquarters

Reuters reports that morale has been hurt by the government’s actions on bonuses at AIG’s (AIG) financial unit and may hurt the process of changing the business.

Reuters reports that China’s economy is improving by deflation is haunting Japan.

Reuters reports that UBS (UBS) will report more job cuts.

Reuters reports that drug makers should reports solid results.

The Wall Street Journal writes that the TARP oversight committee is concerned that banks which got money raised interest rates and fees to customers.

The Wall Street Journal reports that the recession is hitting jobs in healthcare.

The Wall Street Journal reports that Anheuser-Busch InBev is considering selling Rolling Rock.

The Wall Street Journal reports that the oil industry is facing falling use of gasoline.

The Wall Street Journal reports that a quick bankruptcy for GM (GM) will face tough resistance from bondholders.

The Wall Street Journal reports that Goldman Sachs (GS) will launch a new secondary fund.

The Wall Street Journal reports that GE (GE) will invest in a battery-maker.

The Wall Street Journal writes that stocks shares in emerging markets are recovering fast.

The Wall Street Journal reports that new ads are intensifying the fight over a big union bill before Congress.

The Wall Street Journal reports that Gannett’s (GCI) earnings will show the depth of problems in its industry.

The Wall Street Journal reports that bank earnings should show which corners of the industry are recovering.

The Wall Street Journal reports that OPEC’s ability to move oil prices is becoming limited.

The New York Times reports that China is slowing its purchase of US bonds.

The New York Times reports that hyper-local websites are starting to deliver local news without newspapers.

The New York Times reports that magazines are hoping to raise subscription rates.

The New York Times reports that retailers like Home Depot (HD) and Target (TGT) are starting to change marketing messages to aim them toward more frugal buyers.

The New York Times reports that people over 45 are unemployed longer than younger workers.

The FT reports that “The unit that all but destroyed AIG has failed to sign up for the overhaul of the global derivatives market which was given added impetus by the troubles at the US insurance group.”

The FT reports that Goldman Sachs (GS) will buy discounted private equity holdings.

The FT reports that bankruptcy M&A has just begun.

The FT reports that social networks like Facebook and MySpace that allow real time communications are leaving established websites like Google (GOOG) and Microsoft (MSFT) behind.

Bloomberg reports that RIM (RIMM) is pressing Blackberry parts suppliers for better prices.

Douglas A. McIntyre