Media Digest 7/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Douglas A. McIntyre

Published: July 3, 2009 3:58 am

Last Updated: April 28, 2020 1:26 am

newspaper Reuters: Smart investors are starting to cherry- pick stocks.

Reuters: California may agree on a budget to stop using IOUs.

Reuters: Some stock funds are still making up for lost ground.

Reuters: The US housing market may be in early recovery.

Reuters: US unemployment spiked in June.

Reuters: Rio Tinto (RTP) wrapped up its rights offering.

Reuters: J&J (JNJ) bought a $1 billion stake in Elan and will get a piece of its portfolio of experimental drugs to treat Alzheimer’s disease

Reuters: The business jet market faces a slow recovery.

Reuters: If TALF is pulled the asset-backed securities market may falter.

Reuters: Dividends focused funds are doing especially well.

Reuters: The fate of GM is in the hands of a bankruptcy judge.

WSJ: Madoff feeder funds in Austria may have gotten $40 million in kickbacks.

WSJ: The Justice Department confirmed it is investigating a deal between Google (GOOG) and book authors.

WSJ: The government closed seven banks bringing the 2009 total to 52.

WSJ: Some investors are moving back into REITS.

WSJ: Oracle (ORCL) may cut up to 1,000 jobs.

WSJ: Siemens (SI) settled with The World Bank and paid $100 million.

WSJ: Boeing’s (BA) plane output is remaining steady.

WSJ: Dish Network (DISH) won a stay in a legal action by Tivo (TIVO).

WSJ: Stagnant pay is hurting consumer recovery.

WSJ: The White House is still looking at whether more stimulus is needed.

WSJ: The EU may take a hard line on derivatives.

WSJ: The Treasury plans to sell $136 billion in paper next week.

WSJ: Asia banks face rising prices if they stimulate economies too much.

NYT: The SEC may reinstate short selling rules.

NYT: The Shanghai Composite is up 68% this year.

NYT: The US is making the hurdles higher for private equity to buy US banks.

NYT: Exelon raised its bid for NRG to $7.43 billion

FT: A “rogue” broker was blamed for a big spike in oil prices.

FT: US advertisers are trying to avoid behavioral targeting laws.

FT: China oil companies are talking with oil company Reposal about buying crude joint ventures.

Douglas A. McIntyre

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