Media

Media Digest 9/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   China may hold the key to a sanctions program against Iran.

Reuters:   The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US.

Reuters:   The G20 has set up a long struggle over bank capital rules.

Reuters:   Xerox (XRX) is buying ACS (ACS) to increase it software business.

Reuters:   BNP Paribas raised money and will pay back the government early.

Reuters:   China will cut fuel prices, probably by 3%.

Reuters:   UBS (UBS) will hold off selling its wealth management unit.

Reuters:   Dell (DELL) launched a high-end business PC.

Reuters:   Starbucks (SBUX) has debuted its new Via instant coffee across the US.

WSJ:   Johnson & Johnson (JNJ), Abbott (ABT), and Merck (MRK) are making big flu vaccine bets.

WSJ:   The FDIC is likely to make banks pre-pay their assessments for the next three years.

WSJ:   Big Wall St. firms will resist the “uptick” rule which affects short selling.

WSJ:   Warner (TWX) and YouTube are near a video deal.

WSJ:   The return of special purpose acquisition companies is showing an increase appetite for financial risk.

WSJ:   Bank of America (BAC) was sued by pension funds over the Merrill deal.

WSJ:   China antitrust authorities approved GM’s plan to buy part of Delphi.

WSJ:   The sale of Opel still faces uncertainty.

WSJ:   Sequenom Inc (SQNM) fired its CEO over tainted test results.

WSJ:   Consumer electronics companies are likely to have a rough holiday season.

WSJ:   Virtual desktops are making gains.

WSJ:   China’s exporters are eying sales to Chinese consumers.

WSJ:   The SEC is looking into more disclosures in the securities lending business.

WSJ:   Singapore’s investment arm lost $42 billion in the last fiscal year.

WSJ:   Public companies are doing well selling follow-on offerings.

WSJ:   Realogy restructured its debt with help from Icahn.

WSJ:   Asia’s IPO boom is slowing.

WSJ:   The recent rise in stocks has been led by companies with the largest percentage of their shares sold short.

WSJ:   Toyota (TM) and Nissan said their China sales in August were not as bad as in past months this year.

WSJ:   SK Telecom will sell back its stake in China Unicom (CHU).

WSJ:   France Telecom’s (FTE) Orange unit will sell the Apple (AAPL) iPhone in the UK.

NYT:   The head of the World Bank sees the role of the dollar diminishing.

NYT:   G.I.C., Singapore’s giant sovereign wealth fund, said it had recovered some losses because of the market rally.

NYT:   Foreign airlines are ahead of US carriers in use of cellphones on flights.

FT:   China’s CNOOC is in talks to buy one-sixth of Nigeria’s oil reserves.

Bloomberg:   Bank pay rules may put B of A and Citigroup (C) at recruiting disadvantages.

Bloomberg:   Xerox’s (XRX) deal to buy ACS (ACS) underscores that more companies want to be like IBM (IBM)

Douglas A. McIntyre

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