Media Digest (10/9/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Chinese investors are holding a large amount of gold.

Reuters:   Bernanke sees tighter policies as the economy improves.

Reuters:   The Congressional Oversight Panel says that the US plan to help homeowners with mortgages is not enough.

Reuters:   The FDIC questioned a review of Citigroup (NYSE:C) management.

Reuters:   News Corp (NYSE:NWS) CEO Murdoch called on China to open it markets to the media.

Reuters:   A pension fund has asked the pay czar to cut retirement benefits to Bank of America’s (NYSE:BAC) Lewis.

Reuters:   Obama is facing pressure for action on the economy.

Reuters:   Tengzhong may close a deal to buy Hummer from GM

Reuters:   Chevron’s (NYSE:CVX) production rose last quarter.

WSJ:   Economists believe unemployment will stay high through 2013.

WSJ:   Many retailers’ sales topped estimates.

WSJ:   The US did little as the dollar continued to fall.

WSJ:   Geithner speaks often to the senior managements at Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

WSJ:   Barnes & Noble (NYSE:BKS) plans an e-book reader.

WSJ:   Mainframes remain a profitable business for IBM (NYSE:IBM).

WSJ:   Renaissance Technologies founder James Simons will retire next year.

WSJ:   Monsanto (NSYE:MON) received an antitrust inquiry from Justice.

WSJ:   Nvidia (NASDAQ:NVDA) is cutting some ties with Intel (NASDAQ:INTC).

WSJ:   The EU and Microsoft (NASDAQ:MSFT) are still fighting over details of an antitrust deal.

WSJ:   GlaxoSmithKline (NYSE:GKS) has built itself into a pandemic prevention company.

WSJ:   LBO deals have much less leverage this year.

WSJ:   Shares in Berkshire Hathaway (NYSE:BRK) still lag the DJIA.

WSJ:   Fixed income units at banks are likely to drive quarterly profits, especially at Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM).

WSJ:   Vivendi is ready to sell its stake in GE’s (NYSE:GE)  NBCU

WSJ:   Marriott (NYSE:MAR) posted a loss and voiced concerns about future earnings.

WSJ:   Beijing Automotive plans global expansion.

NYT:   The FDA may need a bailout.

NYT:   The Fed is split over the timing of a rate rise.

NYT:   Boeing (NYSE:BA) could be a big loser as the military cuts spending.

NYT:   Retail sales last month only reached 2005 levels.

NYT:   Wynn’s (NASDAQ:WYNN) Macau listing soared.

NYT:   Prescription drug revenue is expected to fall.

NYT:   Faniie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) continue to struggle.

FT:   Larry Summers stressed the need for support of the dollar.

FT:   California cut the size of a bond deal.

Bloomberg:   Summers rejected slow growth as the “new normal”

Douglas A. McIntyre