Media Digest 8/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   China is now Africa’s largest trading partner.

Reuters:   Australia says China’s latest Rio Tinto (RTP) charges are not new.

Reuters:   Publicis will buy Razorfish from Microsoft (MSFT).

Reuters:   UBS (UBS) tax talks with the US have hit a roadblock.

Reuters:   The Fed will keep rates lows and stop buying Treasuries,  experts predict.

Reuters:   Geithner has asked Congress for a higher debt limit. It stands at $12.1 trillion now.

Reuters:   Oil is at $71 helped by US stocks and a weak dollar.

Reuters:   Paulson and the head of Goldman Sachs (GS) spoke often during the financial crisis.

WSJ:   The economy is not strong enough to help a further run-up in the stock and bond markets.

WSJ:   States are being hurt by a drop in gambling.

WSJ:   Wal-Mart (WMT) is betting on Latino-themed warehouses.

WSJ:   Taxes of premium health plans could hit a very wide group of employees.

WSJ:   Miners are resisting a government plan to get them to pay  more royalties.

WSJ:   Textbooks are being offered on the Apple (AAPL) iPhone.

WSJ:   GM and Ebay (EBAY) will start a program for consumers to bargain for cars online.

WSJ:   The stage is set for a jobs rebound.

WSJ:   TV networks are holding back on selling inventory betting the economy will rebound.

WSJ:   Ex-workers are suing Hewlett-Packard (HPQ) over sales pay.

WSJ:   Pressures on commodities prices will continue.

WSJ:   The Fed is giving special treatment to GE (GE) over issues at GE Capital.

WSJ:   Maguire Properties will default on about $1.1 billion in property loans.

NYT:   The rise in bonus guarantees is hurting the government’s effort to control Wall St. pay.

NYT:   Taobao, China’s online shopping website, is growing quickly.

NYT:   Major companies know they need applications for smartphones but they are having trouble making them pay.

NYT:   A bank will allow people will allow people to deposit checks using their Apple (AAPL) iPhones.

FT:  Banks will collect over $38 billion in overdraft fees.

FT:   Climate changes and the economic crisis are forcing more companies to source supplies locally.

FT:   Advertisers are posting discreet messages on Facebook.

Bloomberg:   The VIX is signally a drop in the S&P 500 in September.

Bloomberg:   Buffett’s Berkshire Hathaway (BRK.A) buying debt and cutting investment in stocks.

Douglas A. McIntyre