Media
Media Digest 8/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: A faltering stock market may make it hard for China to cut financial support to the capital markets.
Reuters: Roubini warned of a double dip recession.
Reuters: Warner Chilcott will buy the P&G (PG) drug business.
Reuters: The head of Germany said GM must make an immediate decision on Opel.
Reuters: A senator has asked the SEC to make a broad review of the stock market structure.
Reuters: Central banks are stressing that they will not rush moving out of supporting financial and credit markets.
WSJ: Early bulls on the US market are turning skeptical.
WSJ: The oil industry detailed the costs of the climate bill.
WSJ: Goldman Sachs (GS) gives trading tips to key clients.
WSJ: Policy makers are trying to learn from the 1937 recession.
WSJ: The race is on to file for the “cash for clunkers” deals.
WSJ: The Harvard endowment will run more money internally.
WSJ: Chinalco is open to talks with Rio Tinto (RTP) on cooperation in bauxite production.
WSJ: The profits at Sinopec (SNP) quadrupled.
WSJ: Yahoo! (YHOO) China is being hurt by decisions made by partner Alibaba.
WSJ: AT&T (T) says it played no role in Apple (AAPL) rejecting a Google (GOOG) voice app.
WSJ: Large companies are fighting the law firm practice of billing them by the hour.
WSJ: China is making huge investments in Latin America.
WSJ: Shares in Citigroup (C) are up 70% in a month and could go higher.
WSJ: More energy companies are passing up insurance coverage.
NYT: Asia’s rapid recovery highlights the new economic power of China.
NYT: Warner has become the top producer of TV shows.
NYT: The FTC is looking at the future of the news business.
FT: The US government is sitting on an $11 billion profit from its investment in Citigroup (C).
FT: An appetite for municipal bonds is returning.
FT: Nokia (NOK) will press its smartphone push against Apple (AAPL).
FT: Coal prices are up on Chinese demand.
Bloomberg: GM is close to a sale of Hummer to a Chinese machinery company.
Douglas A. McIntyre
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