Media Digest 4/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Obama vowed to overhaul the tax code.

Reuters reports that GM (GM) is working on a plan to cut dealers at an accelerated pace.

Reuters writes that China’s first quarter growth was the slowest on record.

Reuters reports that US foreclosure filings jumped as a moratorium ended.

Reuters reports that AIG (AIG) may sell its auto unit to Zurich Financial Services.

Reuters writes that Google’s (GOOG) earnings machine will be put to the test when it releases Q1 numbers.

Reuters reports that Sun (JAVA) is ready to resume IBM (IBM) takeover talks.

Reuters reports that GM’s Saab says that several investors are looking at the company.

Reuters reports that Roche is confident in its full-year sales.

Reuters reports that J&J (JNJ) has halted plans to separate  its wellness unit.

Reuters writes that Ebay will buy South Korea’s Gmarket for up to $1.2 billion.

The Wall Street Journal reports that General Growth will enter Chapter 11.

The Wall Street Journal reports that law firm Weil Gotshal will submit a $55 million bill for its work on Lehman.

The Wall Street Journal reports that TARP banks have cut overall lending.

The Wall Street Journal reports that the head of Fiat may become CEO of Chrysler.

The Wall Street Journal reports that a group of investors wants to buy Saturn.

The Wall Street Journal reports that mortgage firms including Citigroup (C) and JP Morgan (JPM) will get up to $9.9 billion from Treasury to modify home loans.

The Wall Street Journal reports that HP (HPQ) will launch a new line of servers.

The Wall Street Journal reports that investors will focus on GE’s (GE) cash cushion when it reports earnings.

The Wall Street Journal reports that merger rumors have returned to the market.

The Wall Street Journal reports that falling prices are making it harder for companies to pay-off debt.

The Wall Street Journal reports that Sony (SNE) is making a large bet on a low-cost video camera.

The Wall Street Journal reports that drug firms are pulling back on consumer advertising.

The Wall Street Journal writes that GM’s goal for China require it to have a second plant.

The Wall Street Journal reports that American Air (AMR) reported a lift in business in March.

The Wall Street Journal reports that China deals are increasing their sway over Latin America.

The New York Times reports that foreclosure rates were up 24% in the first quarter.

The New York Times reports that Delphi is facing a deadline for aid from GM (GM).

The New York Times reports that regional reports from the Fed suggest the economy is not falling as fast as it had earlier in the year.

The FT reports that the head of The New York Stock Exchange (NYX) cautioned that “real investors” have not come back to the market.

The FT reports that consumer prices in the US dropped for the first time since 1955.

Bloomberg reports that GM is looking at dropping the Pontiac and GMC brands.

Douglas A. McIntyre