Media Digest 7/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   CIT (CIT) is rushing to get financing before its goes bankrupt.

Reuters:   Bank earnings are boosting recovery hopes.

Reuters:   IBM (IBM) hiked its full-year outlook.

Reuters:   Google’s (GOOG) quarterly results were mediocre.

Reuters:   Roubini says worst is behind the economy.

Reuters:   Delphi lenders are in talks that could lead to auctions of parts of the company.

Reuters:   Exchange chiefs want the SEC and CFTC to merge.

Reuters:   Congress is getting a pay bill as bonuses on Wall St pick up.

WSJ:   CIT clients are scrambling to get new financial lifelines.

WSJ:   Rio Tinto (RTP) and other miners are cutting their global ambitions.

WSJ:   The CBO said the new healthcare plan would not effectively contain costs.

WSJ:   Harley (HOG) is weighing options for its financial arm.

WSJ:   Microsoft’s (MSFT) new ads are troubling Apple (AAPL).

WSJ:   Cisco (CSCO) began layoffs.

WSJ:   The pharma industry is getting most of what it wants from the new healthcare package.

WSJ:   Investors are taking at close look at GE’s (GE) real estate assets.

WSJ:   The IMF say UK banks may need more funds.

WSJ:   The creditworthiness of the overall bond market is dropping even as demand rises.

WSJ:   Hotel companies are still facing bleak outlooks.

WSJ:   Cellphone makers are still being hurt by the economy.

NYT:   Geithner sees evidence of a financial recovery.

FT:   Nokia (NOK) shares fell on poor results.

FT:   China is on track to make its GDP goals.

Bloomberg::   British Air will raise $980 million.

Bloomberg:   California’s debt is close to being downgraded to junk.

Douglas A. McIntyre