Media
News Digest 9/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Solvay sold its drug unit to Abbott (ABT) foe $6.6 billion.
Reuters: Kraft (KFT) will launch a hostile bid for Cadbury.
Reuters: The World Bank said not to take the dollar’s role in the global economy for granted.
Reuters: Crucell got a $302 million investment from J&J (JNJ)
Reuters: The Fed will work with Congress on naming its borrowers.
WSJ: The White House is close to providing $35 billion to help housing agencies provide more mortgages.
WSJ: Profits for the third quarter are likely to beat estimates.
WSJ: World Bank President Robert Zoellick said the Treasury and not the Fed should be given more regulatory power
WSJ: HSN will begin to sell ads.
WSJ: The lack of a recovery at Hovnaian (HOV) is a drag on housing.
WSJ: The IMF said its battled the credit crisis well.
WSJ: China will probe chicken imports from the US.
WSJ: Businesses open for less than 90 days accounted for 14% of hiring from 1993 to 2008, but start-ups are way down this year, and are likely to stay down.
WSJ: More corporations are facing the fact that directors did not get majority votes.
WSJ: Monster’s (MNST) stock may be poised for a run.
WSJ: Federal health clinics are seeing a surge in visitors.
WSJ: States may be deprived of $9 billion in highway funds.
WSJ: The Commerce Department released standards for the smart grid which may help drive building.
NYT: Sinochem has made a $2.5 billion bid for Nufarm, an Australian chemical company.
NYT: A trustee will sue more members of the Madoff family.
NYT: GlobalPost, which has correspondents worldwide, will get paid by CBS (CBS) in a new partnership.
NYT: Sprint (S) is betting on WiMax to bring back market share.
NYT: Overseas affiliates are helping CNBC make money.
FT: US banks may face short-term lending rules to gauge risk to sharp market moves.
FT: The value of toxic assets is improving which will help banks increase the value of the paper.
FT: Goldman Sachs (GS) is pushing to increase the number of workers at its asset management arm.
FT: Moody’s (MCO) was hit by a wave of short selling.
Douglas A. McIntyre
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