Media Digest 7/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   China and the US vowed close ties to bring the economy out of recession.

Reuters:   Microsoft (MSFT) and Yahoo! (YHOO) are close to a search deal.

Reuters:   The Senate may drop a public health care option.

Reuters:   Honda (HMC) posted a profit and raised forecasts.

Reuters:   An executive pay bill was approved by a House committee.

Reuters:   AMR (AMR) is hoping to close an alliance with British Air and Iberia this year.

Reuters:   Subprime lenders say US programs to help home loans in default may increase borrower costs.

Reuters:   The CFTC plans to be more aggressive on limiting positions in certain instruments.

Reuters:   American Express (AXP) is trying to get growth from its user base which is reluctant to spend.

Reuters:   Many banks probably have too many branches.

WSJ:   KKR plans an IPO of Dollar General.

WSJ:   Nomura is having trouble trying to expand globally.

WSJ:   Home prices are beginning to rise.

WSJ:   ArceloMittal swung to a loss.

WSJ:   GM plans to begin leasing cars again.

WSJ:   IBM (IBM) bought SPSS for $1.2 billion.

WSJ:   Sanofi-Aventis lifted its forecasts.

WSJ:   New tech to follow web traffic is helping to stop viruses.

WSJ:   China voiced concern over the rising US deficit.

WSJ:   Oil companies are against Nigeria’s plan to overhaul its energy policies.

WSJ:   Ambac’s(ABK) debt ratings were cut deeper into junk status.

WSJ:   Earnings at some banks may not have recovered as much as investors believe.

WSJ:   Gambling firm Station Casinos filed for Chapter 11.

WSJ:   Sprint (S) got further into prepaid cellular by buying Virgin Mobile USA.

WSJ:   Toyota (TM) kept its No.1 spot in global cars sales in the first half.

WSJ:   GE (GE) says its efforts to shrink its financial unit and post a profit are on target.

WSJ:   Apple (AAPL) won’t let Google (GOOG) distribute an internet telephone software package on the iPhone.

NYT:   Shares in China’s larges home builder rose on its public trading debut.

NYT:   Avtovaz, Russia’s largest car marker, may lay-off 27,000 people.

NYT:   Condo sales in Miami are improving as prices plunge.

FT:   Cable TV companies could be a payment mechanism to charge for online content.

Douglas A. McIntyre