Media Digest 9/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   If China opens its financial markets it could cause a huge bubble.

Reuters:   US regulators may ban “flash” trading.

Reuters:   Buffett may control the Kraft (KFT) decision to buy Cadbury.

Reuters:   Palm (PALM) was helped by Pre sales, but the company will sell new stock

Reuters:   Microsoft (MSFT) will file a lawsuit against “malvertisers.” which are harmful online advertisers.

Reuters:   American (AMR), BA, and Qantas may make a joint investment in JAL.

Reuters:   The new pay “czar” is out in public speaking about his plans for Wall St. compensation.

Reuters:   Citigroup’s (C) Pandit said $100 million is too much to pay a banker like his head of commodities trading.

Reuters:   Google (GOOG) will revamp its DoubleClick unit to move into the display ad business.

Reuters:   The CEO of Airbus says it faces two more tough years.

Reuters:   Symbian says it can keep half of the smartphone market.

WSJ:   US bankers face sweeping pay curbs.

WSJ:   Household wealth moved up 3.9% in the second quarter

WSJ:   AMR (AMR) raised $2.9 billion.

WSJ:   Intel (INTC) will move into the “system on a chip” market.

WSJ:   GM will help American Axle avoid Chapter 11.

WSJ:   The US will file concerns over the Google (GOOG) deal with publishers.

WSJ:   The heads of Verizon (VZ) and AT&T (T) say economy is more stable.

WSJ:   The founder of Netscape will join the Hewlett-Packard (HPQ) board.

WSJ:   Barclays (BCS) faces a long road to health.

WSJ:   Federal limits on ownership of media companies are hurting a bid to help Citadel.

WSJ:   Mortgage rates are dropping closer to 5%.

WSJ:   Natural gas prices fell on profit taking.

WSJ:   Assets held by Legg Mason rose.

WSJ:   Amazon (AMZN) is expanding its private label business to diversity away from its own e-commerce revenue.

WSJ:   FedEx (FDX) was upbeat on its future prospects.

WSJ:   Democrats are pushing the FCC to improve “net neutrality”.

NYT:   The recovery is accelerating in China while lagging in the US.

NYT:   Google’s (GOOG) new display ad program could hurt Yahoo! (YHOO).

NYT:   Congress may push medical journals toward new disclosure about authors.

NYT:   US housing starts hit a nine-year high.

NYT:   Banker pay will face potential limits at a G 20 summit.

NYT:   Airbus sees long-term demand for aircraft.

NYT:   Swiss banks backed withholding taxes for income from foreign investors.

FT:   Citigroup (C) may spin off its oil trading unit.

FT:   Japan is moving to cut its stimulus programs.

FT:   The SEC is tightening its grip on credit ratings agencies.

Douglas A. McIntyre