Media Digest 10/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Ken Lewis will step down as CEO of Bank of America (BAC)

Reuters:   Cisco (CSCO) bought Tandbeg  for $3 billion.

Reuters:   The IMF raised forecasts for US GDP but warned on its growing debt.

Reuters:   Turnaround experts say the collapse of CIT (CIT) would be a mess.

Reuters:   New media expansion has made traditional measures of TV audiences difficult.

Reuters:   Comcast (CMCSA) says it does not have plans to buy the NBCUniversal division of GE (GE).

Reuters:   GM will close Saturn after a failed sale to Penske.

Reuters:   A council of regulators should set up systems to monitor the economy according to Bernanke.

Reuters:   Manufacturing is Asia is picking up but it is not in the US.

Reuters:   Honda’s (HMC) CEO said the dollar under 90 yen is painful for the company to endure.

Reuters:   Hollywood will increase its relationships with internet portals and DVD sales drop.

WSJ:   The business of repackaging mortgages is growing again.

WSJ:   The UK market watchdog, the FSA, will examine the notion of “too big to fail”.

WSJ:   Job losses in the US are continuing to slow.

WSJ:   Hershey (HSY) is unlikely to bid for Cadbury.

WSJ:   The IMF says companies must sustain stimulus programs.

WSJ:   Nvidia (NVDA) will produce faster chips.

WSJ:   The EPA is planning tough new greenhouse gas rules.

WSJ:   Investors have only agreed to put a little over $1 billion into a federal program to buy toxic assets.

WSJ:   Moody’s (MCO) says a law firm reviewing its actions found no wrong-doing.

WSJ:   Investors put huge amounts of money into junk bonds in the third quarter.

WSJ:   JPMorgan’s impressive place in the financial sector may not hold as competitors return.

WSJ:   New investments track sovereign risks.

WSJ:   China will sharply cut aluminum capacity.

WSJ:   Chevron (CVX) appointed a new CEO.

WSJ:   Novartis (NVS) says its new MS treatment showed promising results.

WSJ:   Japan’s Fair Trade Commission set sanctions for Qualcomm (QCOM).

WSJ:   Oracle (ORCL) wants to keep MySQL.

WSJ:   Wynn’s (WYNN) Macau IPO priced at the top of its range.

NYT:   The IMF predicted a 5.1% growth rate for the world economy next year.

NYT:   Edward Lifesciences (EW) and Medtronic (MDT) are racing to improve heart valve technology.

NYT:   Tariffs on solar panels coming from China to the US will strain trade relations.

NYT:   Hedge funds told the government that they do not pose the same risks that large banks do.

NYT:   A new survey shows that South Korea and France has the fastest internet speeds.

NYT:   American Express (AXP) may end monthly fees on gift cards.

NYT:   Markets ended the third quarter 15% higher.

FT:   GE (GE) expects Vivendi to sell its 20% stake in NBCU.

FT:   JP Morgan (JPM) will press to expand its investment business overseas.

Bloomberg:   US factories probably expanded  last month at the fastest rate in three years.

Douglas A. McIntyre