Media Digest 8/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   China Investment Corp will put $2 billion into US mortgages.

Reuters:   The US pay czar says be can “claw back” executive compensation.

Reuters:   Japan is pulling out of its recession.

Reuters:   China will appeal a WTO ruling on entertainment imports.

Reuters:   Chrysler will make a Fiat in Mexico.

Reuters:   UBS (UBS) will name 5,000 account holders under its deal with the US.

Reuters:   Regulators want bids for Guaranty Financial Group today.

Reuters:   Toyota (TM) will end output at a GM plant next year.

Reuters:   Porsche and VW may merge before 2011.

WSJ:   The UBS tax crackdown has moved to Hong Kong.

WSJ:   NY State will sue Schwab (SCHW) over sales of auction rate securities to its clients.

WSJ:   The FDIC is facing bank failures of financial firms which are worse off than those during the S&L crisis.

WSJ:   The chances that Obama’s health care reform will be passed are getting worse.

WSJ:   Indian outsourcing firms are targeting Japan.

WSJ:   The use of 3D is heading toward the home TV.

WSJ:   Airlines are worried that they will not be helped much by the recovery.

WSJ:   There are a number of roadblocks to the DJIA rising further now that it is up 42%

WSJ:   Home improvement stocks may underperform the market.

WSJ:   China may pass laws regulating local currency private equity firms just as Blackstone (BX) enters the market.

WSJ:   The Administration is revamping Fannie Mae (FNM) and Freddie Mac (FRE) with a new model.

WSJ:   The site FT.com may be a model for other sites that want readers to pay for content.

WSJ:   News Corp’s (NWS) Fox Business may sign Don Imus to be its morning host.

FT:   Financial results from EU businesses are trailing those in the US and UK

Bloomberg:   More commodities traders are earning $1 million bonuses on moves in oil and copper.

Douglas A. McIntyre