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