Media

Media Digest 8/5/2009

newspaperReuters:   GM’s new board endorsed the company’s new plans.

Reuters:   The Senate will probably approve “cash for clunkers” aid.

Reuters:   Sony (SNE) will enter the market with an e-reader to compete with Amazon (AMZN).

Reuters:   Disarray in the Administration is hurting plans for changes in financial regulation.

Reuters:   The service sector probably contracted at a slower pace in July.

Reuters:   PepsiCo’s (PEP) deal to buy two bottlers was a windfall for their investors.

Reuters:   Yahoo! (YHOO) will get slightly more revenue in the last five years of its search deal with Microsoft (MSFT).

Reuters:   Some investors are concerned by the huge corporate bond rally.

WSJ:   Economists upgraded their second half forecasts.

WSJ:   Small inventories at car dealers could slow the progress of the “cash for clunkers” program.

WSJ:   Health lobbyists are pressing Congress on health care reform issues.

WSJ:   The SEC will consider restrictions on flash trading.

WSJ:   The home loan modification program is off to a slow start.

WSJ:   The chairman of GM says the car company must be No.1 in the US market.

WSJ:   Electronic Arts (ERTS) had drops in sales and profits.

WSJ:   Land prices are rising quickly in China.

WSJ:   Construction spending on private projects is still low while spending on public projects is rising.

WSJ:   Whole Foods plans to educate its shoppers about healthy eating.

WSJ:   GE (GE) settled civil fraud charges by the SEC.

WSJ:   Microsoft (MSFT) will hire 400 Yahoo! (YHOO ) employees.

WSJ:   Sony (SNE) will produce two e-readers.

NYT:   India has been caught short on its supply of sugar.

NYT:   US mortgage efforts are only helping 9% of eligible owners.

NYT:   Europe leads the US in broadband use.

FT:   Online retailers will launch stores on Facebook.

FT:   Analysis has found discrepancies in China’s growth figures.

FT:   Prime borrowers are falling behind on mortgages.

Bloomberg:   The Bank of England will end bond purchases.

Douglas A. McIntyre

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