Media Digest 10/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The pay czar plans to rework employee pay at large banks.

Reuters:   Hewlett-Packard (NYSE:HPQ) may enter the tech M&A frenzy.

Reuters:   Microsoft (NASDAQ:MSFT) says some Hotmail passwords were exposed.

Reuters:   The US called for rigorous IMF surveillance to spot new investment bubbles.

Reuters:   Roubini said the Fed has to carry out an exit strategy.

WSJ:   Apartment vacancies rose to 7.8%.

WSJ:   The pay czar will cut base salaries and rely more on stock.

WSJ:   Australia raised interest rates.

WSJ:   Societe Generale will raise $7 billion to repay government loans.

WSJ:   Chrysler shifted several key managers.

WSJ:   Mazda will raise $1 billion.

WSJ:   The US will seek to restrict gifts given to bloggers for endorsements.

WSJ:   MGM Mirage (NYSE:MGM) cut condo prices in Las Vegas.

WSJ:   The president of American Express (NYSE:AXP) is leaving.

WSJ:   Microsoft (NASDAQ:MSFT) predicted a slow rebound.

WSJ:   Verizon (NYSE:VZ) merged its wireless units.

WSJ:   Five investment funds will have $12.27 billion to spend on troubled assets through the Treasury’s PPIP.

WSJ:   Bond ETFs are becoming more popular.

WSJ:   Wells Fargo (NYSE:WFC) and other banks benefitted from an analyst upgrade.

WSJ:   Goldman Sachs (NYSE:GS) is in talks to amend the terms of a financial package with CIT (NYSE:CIT).

WSJ:   Japan put its talks with Delta (NYSE:DAL) and AMR (NYSE:AMR) on hold.

WSJ:   Disney (NYSE:DIS) moved its cable TV chief to run its studio operation.

NYT:   Problems at aircraft leasing companies could mean higher prices.

NYT:   Microsoft (NASDAQ:MSFT) is revamping its wireless software marketing.

NYT:   With job losses rising Obama is trying to fix the social safety net.

NYT:   Airlines are seeking global alliances to expand.

FT:   Citigroup will outsource some of its investment services.

FT:   Holiday sales are set to fall.

Douglas A. McIntyre