Media Digest 9/10/2009 Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   GM has made its decision on Opel and will announce it today.

Reuters:   Foreign car makers are having trouble with the affluent market in China

Reuters:   Steve Jobs made a presentation at Apple’s (AAPL) latest public meeting.

Reuters:   OPEC will hold prices steady.

Reuters:   Google (GOOG) plans new mirror technology to improve solar power.

Reuters:   Bank of America (BAC) is pushing an SEC settlement but rejected new charges by Cuomo.

Reuters:   The Fed says the recession is over but the job outlook is bad.

Reuters:   A new report says foreclosures will peak in late 2010.

Reuters:   The head of Goldman Sachs (GS) says outrage over Wall St. pay is justified.

Reuters:   Texas Instruments (TXN) raised its forecasts.

WSJ:   The FDIC will phase out a program to help banks which will test how the industry will do without the help.

WSJ:   A judge ordered UBS (UBS) to set aside $35 billion in cash involving sales of complex debt instruments.

WSJ:   The US is bracing for a long flu season.

WSJ:   Kraft (KFT) is trying to get more share of overseas markets which Cadbury has.

WSJ:   AT&T (T) will boost its 3G network in six cities.

WSJ:   Job openings fell to a record low in July.

WSJ:   The government mortgage-aid plan has had poor results.

WSJ:   China shippers and airlines may default on oil-derivative contracts sold to them by foreign banks.

WSJ:   Comcast (CMCSA) may buy more cable companies.

WSJ:   Sales growth at McDonald’s (MCD) slowed.

NYT:   Tech companies are pushing to digitize medical records with $10 billion in government aid on the table.

NYT:   Merck (MRK) and GlaxoSmithKline (GSK) are competing for selling drugs that treat the human papillomavirus.

NYT:   The New York Times (NYT) is in no rush to sell The Boston Globe.

FT:   The head of Goldman Sachs admits that banks lost control of complex instruments.

FT:   Brazil found a deep water oil field which could become on of the largest in the world.

FT:   US interest rates should be steady in the near term.

Bloomberg:   The Bank of China sees stock and real estate bubbles in many parts of the country.

Douglas A. McIntyre