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