Media
Media Digest (10/2/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: The retirement package for Ken Lewis of Bank of America (BAC) may be as high as $125 million.
Reuters: US car sales plunged in September with Ford (F) up and GM down. Toyota (TM) and Honda (HMC) also lost sales.
Reuters: The CIT (CIT) board approved a restructuring plan.
Reuters: Comcast (CMCSA) shares were punished on rumors it might buy the NBC Universal unit of GE (GE).
Reuters: Fed officials said the economy was getting better but there are pockets of major weakness.
Reuters: Wal-Mart (WMT) says it sees a slow business recovery.
Reuters: Geithner said a strong dollar is important.
Reuters: Toyota’s (TM) chief is worried about profits due to the decline of the dollar.
Reuters: Northrup (NOC) beat Boeing (BA) on a $3.8 billion tanker maintenance contract.
WSJ: The Fed may have improperly gotten money from Lehman ahead of creditors.
WSJ: Bank of America (BAC) may hire a “short term” CEO.
WSJ: The UK gave Xstrata a deadline in its bid for Anglo-American.
WSJ: RBS (RBS) appointed two new directors.
WSJ: Bernanke backed a council of regulators to watch for risk in the larger financial system and economy.
WSJ: The new head of Wal-Mart (WMT) must deal with a competitive market and expansion overseas.
‘WSJ: Cicso (CSCO) is stepping up its rivalry with HP (HPQ).
WSJ: Comcast (CMCSA) may be worried that the Internet may become one of the largest content channels.
WSJ: Parts of Asia are worried about inflation.
WSJ: The VIX jumped on stock fears.
WSJ: Mortgage rates fell below 5%.
WSJ: Delta (DAL) and the AFL-CIO are at odds over work rules.
WSJ: The Washington Post (WPO) and Bloomberg are creating a new service.
NYT: China’s economy is gaining on Japan.
NYT: A large Madoff investor has trouble getting money back in 2003.
NYT: Bayer is being charged with deceptive labeling on a cancer drug.
FT: The crisis has created a new sophistication about risk.
Douglas A. McIntyre
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