Media
Media Digest 8/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: A bubble may be forming in the corporate bond market.
Reuters: Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP Morgan (JPM) and Blackstone (BX) could get large fees.
Reuters: A judge would not approve an SEC settlement with Bank of America (BAC)
Reuters: The Administration is considering splitting Fannie Mae (FNM) and Freddie Mac (FRE).
Reuters: The SEC plans a new enforcement unit.
Reuters: Cisco (CSCO) was cautious about its recovery prospects.
Reuters: News Corp (NWS) said it would charge for its news sites and expressed displeasure with the Amazon (AMZN) Kindle and its relationship with newspapers.
Reuters: Monster’s (MNST) only jobs index fell in July.
Reuters: Las Vegas Sands (LVS) and Wynn (WYNN) IPOs are seen as doing well.
WSJ: P&G (PG) is creating cheaper detergent to fight the downturn.
WSJ: Bank of America (BAC) did not disclose $2 billion in Merrill losses just before the deal was approved.
WSJ: Jobs losses are still hindering the recovery.
WSJ: The CEO of American Express (AXP) is still concerned about the recovery.
WSJ: Deutsche Telekom (DT) results were in line with expectations.
WSJ: Prudential Financial (PRU) ended a string of quarterly losses.
WSJ: The government says GM will go public before Chrysler.
WSJ: Google (GOOG) set a deal to buy video compression firm On2 (ONT).
WSJ: Vonage (VG) posted another deficit.
WSJ: The Fed may work to extend programs for consumer and business lending.
WSJ: The Treasury will sell more inflation-adjusted bonds to encourage China purchases.
WSJ: The CFTC appears ready to impose limits on energy trading.
NYT: Geithner says small disagreements between regulators should not halt reform.
NYT: Goldman Sachs (GS) officials are defiant about the firm’s profits.
NYT: The Administration will provide $2.4 billion for battery development, mostly for electric cars.
NYT: Toyota (TM) plans a US sports car.
FT: The SEC is seeking funds for complex investigations.
FT: Goldman Sachs (GS) has 46 trading days of over $100 million in the last quarter.
FT Google (GOOG) is set to take on Apple (AAPL) in the China cell phone market.
FT: China has suffered its largest bank fraud.
Bloomberg: Hank Greenberg may face SEC charges involving his role at AIG (AIG).
Bloomberg: The former head of American Express (AXP) may become chairman of AIG.
Douglas A. McIntyre is the former chairman and CEO of On2 Technologies (ONT)
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