Media

Media Digest 8/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Video games hope to make a comeback with new titles and price cuts.

Reuters:   “Cash for clunkers” should help July car figures.

Reuters:   USB (UBS) shares should do well after it settled with the US.

Reuters:   China’s build-up in commodities inventory could hurt future prices.

Reuters:   The July ISM should be up but still below the benchmark of 50.

Reuters:   Ford (F) posted a sales rise in July.

Reuters:   Yahoo! (YHOO) will focus on display ads and content.

Reuters:   Ebay’s (EBAY) could be undervalued according to Barron’s.

Reuters:   Phibro is in talks to break off from Citigroup (C)

WSJ:   The “cash for clunkers” bill could face problems in the Senate.

WSJ:   China is about to surpass the US as the largest manufacturing nation.

WSJ:   A spying scandal at Deutsche Bank (DB) expanded.

WSJ:   Barclay’s (BCS) bet rose 10%.

WSJ:   The backer of oil and gas ETFs plans to defend its funds against government regulation.

WSJ:   MGM Mirage (MGM) faces a review of its operations in Macau.

WSJ:   British Air lost money.

WSJ:   Drug and energy companies upped their lobbying spending in Washington.

WSJ:   Twitter is becoming a tool for stock and commodities trading.

WSJ:   Apple (AAPL) and AT&T (T) are being probed for rejecting a Google (GOOG) App.

WSJ:   The drop in commercial real estate could hurt REITS.

WSJ:   Buyers are bracing for a new wave of Treasury sales.

WSJ:   RBS is near a sale of its Asian assets to ANZ.

WSJ:   China investors are worried about its reliance on government spending and exports.

WSJ:   Large oil companies are having trouble replacing falling reserves.

WSJ:   Nissan Motors is pressing for market share for its new electric car.

NYT: Local news sites will start to post on Google’s (GOOG) YouTube.

NYT:   Geithner says the recovery will be slow.

NYT:   Yahoo! (YHOO) will focus on content going forward.

NYT:   The FDA rejected Savient’s gout drug.

FT:   Wall St. profited from trades with the Fed.

FT:   Goldman Sachs’ (GS) reputation has been tarnished by bad PR.

FT:   Private equity groups are carrying $400 billion in debt.

FT:   Sovereign wealth funds are beginning to invest aggressively again.

FT:   US car buyers are moving toward smaller vehicles.

Bloomberg:   China’s manufacturing economy grew in July.

Bloomberg:   Roubini says commodities prices will rise in 2010 as the recession ends.

Bloomberg:   Bailout banks are buying Treasuries to keep rates low while increasing deposit bases.

Douglas A. McIntyre

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