Media Digest 8/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Derivatives traders dipped into $4 trillion in client collateral.

Reuters:   Home sales and durable orders improved.

Reuters:   The US softened its stance on private equity deals to buy banks.

Reuters:   The “pay car” will probably approve the AIG (AIG) CEO package.

Reuters:   Germany says results and not speed are the key to the Opel deal.

Reuters:   Apple (AAPL) is not expected to launch its tablet soon.

Reuters:   The economy has left some workers stuck in bad jobs.

Reuters:   Time Warner Cable (TWC) will test TV on the Internet.

Reuters:   A Caspian Sea oil field is one of the biggest discoveries of recent years.

Reuters:   The SEC may have a stronger hand after its Bank of America (BAC) debacle.

WSJ:   Apple (AAPL) is preparing to launch the iPhone in China.

WSJ:   Bondholders want an investigation of the Zell buyout of The Tribune Company.

WSJ:   The biofuel industry is losing its traction.

WSJ:   Massachusetts wants more information on releases of private analysts opinions by Goldman Sachs (GS).

WSJ:   World trade volume moved up 2.5%.

WSJ:   Credit Agricole’s profits jumped.

WSJ:   China Telecom earnings were hurt by its move into the mobile market.

WSJ:   Sirius XM (SIRI) has launched a product that works with Apple (AAPL) iPods and iPhones.

WSJ:   Analysts will look for evidence of a revival of corporate spending when Dell (DELL) announces results.

WSJ:   Sony (SNE) launched a rival to the Amazon (AMZN) Kindle.

WSJ:   Borrowing in dollars has become cheaper that the yen.

WSJ:   S&P cut the AAA rating of Mass Mutual.

WSJ:   Starbucks (SBUX) faces challenges in an improving economy.

WSJ:   Foreign car makers fear us policy will favor GM, Ford (F), and Chrysler.

WSJ:   WPP says the improving economy is not translating into a return of large ad campaigns.

WSJ:   Tivo (TIVO) filed patent suits against Verizon (VZ) and AT&T (T).

WSJ:   Cnooc’s net fell 55%.

NYT:   Toyota (TM) did the best in the “cash for clunkers” program.

NYT:   Solar panels are dropping in price.

NYT:   More than half a million option ARMs reset in the next four years, which could hurt housing.

NYT:   Toyota (TM) will cut production at one of its large Japan plants.

NYT:   Nissan and Chrysler will stop making cars for one another.

FT:   The German government may support a restructured Opel with GM continuing as the owner.

FT:   GE (GE) may sell its security division for $2 billion.

Douglas A. McIntyre