Media
Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: A bear market could kill the extraordinary rally in corporate bonds.
Reuters: Treasury will announce three more funds are buying toxic assets.
Reuters: Bank of America (BAC) will select an emergency CEO this week.
Reuters: Goldman Sachs (GS) is owed $1 billion if CIT (CIT) fails.
Reuters: The Lehman administrator would like to pay out assets.
Reuters: A new report says that the government made US banks seemed safer that they were when they received TARP funds.
Reuters: A US-lead groups wants to buy Volvo.
Reuters: The IMF made little progress in giving more voting power to emerging nations.
WSJ: September retail sales will predict holiday activity.
WSJ: The Lehman administrator would like to pay out $16 billion instead of letting the court handle the process.
WSJ: Corporations are starting to use bond sales to fund dividends and stock buybacks.
WSJ: Brocade (BRCD) has put itself up for sale.
WSJ: CIT’s (CIT) plan to reorganize itself falls short in terms of fixing the company’s lending business.
WSJ: Tech outsourcing companies want to take over IT functions completely for some companies.
WSJ: Wal-Mart (WMT) is scaling back its DVD display business.
WSJ: Government problems and supply issues will slow administration of swine flu vaccine.
WSJ: There may be no new Las Vegas casino for a decade.
WSJ: Many lost jobs will never return.
WSJ: Futures spreads are helping to keep oil higher.
WSJ: Independent power producers may be hurt by the glut in natural gas.
WSJ: Wal-Mart (WMT) is planning sales that will hurt rival’s at their bottom lines.
NYT: The dream of a tablet PC is no longer far away.
NYT: China is spending billions of dollars to compete with companies like News Corp (NWS) and Time Warner (TWX).
NYT: A plan by Google (GOOG) to offer ads on high-end phones keeps hitting glitches.
NYT: A study by the Pew Project for Excellence in Journalism says the press overlooked economic problems of ordinary people.
NYT: Greenspan sees unemployment rising to 10%.
FT: Greenspan says growth could pass 3% this quarter.
FT: The head of HSBC (HBC) is concerned about a second economic downturn.
FT: The IMF has been told to aid an orderly exit for stimulus packages.
Bloomberg: Roubini say stocks and commodities have risen too fast too soon.
Douglas A. McIntyre
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