Media
Media Digest 8/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Last Updated:
Reuters: Senator Edward Kennedy died at age 77.
Reuters: The US Postal System is seeking 30,000 job cuts.
Reuters: US housing and confidence data moved up.
Reuters: White House and CBO debt revisions will challenge Obama.
Reuters: Dealer inventory and cash are low as the “clunkers” program ends.
Reuters: Colonial BancGroup filed for Chapter 11.
Reuters: Trading on the NYSE was dominated by four financial firms over the last two days: Citigroup (C), Fannie Mae (FNM), Bank of America (BAC), and Freddie Mac (FRE).
Reuters: Toyota (TM) will cut capacity to match sales.
Reuters: Wall St. seemed unconcerned about Goldman Sachs (GS) tipping some of its research to major clients.
WSJ: Calm during the crisis won Bernanke his reappointment.
WSJ: Companies will fight to weaken the “proxy access” rule.
WSJ: The national debt will reach $9 trillion duringthe next decade.
WSJ: Car makers are introducing less expensive luxury vehicles.
WSJ: REITs are ready to pick up properties from faltering holders.
WSJ: The FAA is opening a parts probe at Southwest (LUV).
WSJ: A federal judge ripped the SEC on its settlement with Bank of America (BAC).
WSJ: Private-equity investor Guy Hands may put $350 million into a wind farm business.
WSJ: With consumers doing badly, business may have to lead the recovery.
WSJ: The CFTC is seeking more funds to expand its regulatory role.
WSJ: Hedge funds increased their holdings in financial stocks by 70% in the second quarter.
WSJ: Bernanke will have to unwind the Feds huge investments without hurting the banking industry.
WSJ: Sony (SNE) launched its new e-reader.
WSJ: Borders (BGP) posted a loss as it restructures.
NYT: The popularity of Twitter is being driven by middle aged adults.
NYT: Food prices are likely to start moving up.
NYT: Food prices will start moving up.
NYT: French bankers will accept curbs on their compensation.
FT: Yahoo! (YHOO) bought an Arabic language portal.
Bloomberg: Investing in Roubini’s view of the economy has proved disastrous.
Douglas A. McIntyre
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