Media Digest 8/31/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The best investment for Chinese companies may be the nation’s own 1.3 billion person home market.

Reuters:   Japan’s Democrats took power.

Reuters:   Economists say there is no need for a second stimulus package.

Reuters:   The Fed made $14 billion on loans made during the credit crisis.

Reuters:   The rare metals in hybrid cars are growing more scarce.

Reuters:  Tribune may come out of Chapter 11 in the fall.

Reuters:   Claims against Lehman from the UK could be more than $100 billion.

Reuters:   GM will created a China joint venture to build light trucks.

Reuters:   Credit Suisse (CS) and Julius Baer believe they can avoid the tax investigation that hit UBS (UBS).

Reuters:   Lufthansa and JetBlue (JBLU) are seeking a code sharing deal.

WSJ:   The FDIC is risking billions of dollars on loans to get banks to take over other failed banks.

WSJ:   Big companies are collecting money from receivables more quickly but paying bills more slowly.

WSJ:   Economists are in disagreement about whether the Fed’s move to provide liquidity will start inflation.

WSJ:   Rep Frank is backing audits of the Fed.

WSJ:   The market rally may be undermined by lack of revenue growth at companies.

WSJ:   India’s GDP rose 6.1%.

WSJ:   Commercial real estate loan defaults could be the next big problem for the US economy.

WSJ:   The FAA faces a problem over whether it should ground Southwest (LUV) plans which have unapproved parts.

WSJ:   China’s sovereign fund may make much larger investment overseas.

WSJ:   Freedom Communications will probably file for Chapter 11.

WSJ:   The head of IFLC may try to buy some of its assets from AIG (AIG).

WSJ:   An AstraZeneca PLC heart drug showed better results that the Sanofi-Avents and Bristol-Myers (BMY) drug Plavix.

WSJ:   AT&T’s (T) costs for the Apple (AAPL) iPhone may not be a good investment for the telecom company.

WSJ:   A price was has begin in the bottled water industry.

NYT:   The US has made about $4 billion on the repayment of loans to the country’s largest banks.

NYT:   A number of analysts see an end to the market rally.

NYT:   VMWare (VMW) is posing a big challenge to Microsoft’s (MSFT) core software businesses.

FT:   The Fed made $14 billion on crisis loans.

FT:   Lehman faces $100 billion in claims from its UK unit.

FT:   E-books could spell the end to hardbacks.

Bloomberg:   Cerberus will raise new distress fund money after about $5 billion is being pulled form the find firm.

Douglas A. McIntyre