Media
Media Digest (10/16/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results.
Reuters: Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay.
Reuters: Japan Airlines says bankruptcy is an option to solving its problems.
Reuters: Soros says US economy will drag on world growth.
Reuters: A Congressional committee approved rules for over-the-counter derivatives.
Reuters: Wasserstein’s death will result in a $186 million payment for restricted stock.
Reuters: Goldman Sachs (NYSE:GS) will devote a smaller part of revenue to compensation to help quiet critics.
Reuters: The Fed’s Fisher said rates would stay low and inflation is not a risk.
WSJ: Wal-Mart (NYSE:WMT) will push Amazon’s (NASDAQ:AMZN) book initiative by offering $10 online deals.
WSJ: The US is resisting a merger between Live Nation (NYSE:LYV) and TicketMaster (NASDAQ:TKTM)
WSJ: The loss widened at Sony Ericsson (NYSE:SNE) (NASDAQ:ERIC)
WSJ: Construction may rebound in 2010.
WSJ: The Consumer Product Safety Commission will ask China to pay for some of the repairs to home using drywall made in the country.
WSJ: AMD (NYSE:AMD) posted a small-than-expected loss and Nokia (NYSE:NOK) results were hit by write-offs.
WSJ: China will probably not support sanctions on Iran.
WSJ: AIG (NYSE:AIG) will post a loss on the sale of its Taiwan unit.
WSJ: Profits at Schwab (NASDAQ:SCHW) fell.
WSJ: Profit margin that measures interest income on a bank’s assets was bad at Citigroup (NYSE:C).
WSJ: Gap (NYSE:GPS) will open a store in China.
NYT: Airlines are increasing fares for holiday travel.
NYT: Some analysts do not see the improvement in earnings at IBM and Google as a sign of a tech turnaround.
NYT: Federal jobs programs are missing many states that need them most.
NYT: Ad revenue at McClatchy (NYSE:MNI) declined.
FT: The Treasury stopped short of saying China manipulates its currency
Bloomberg: LBOs are making a comeback cutting financing costs for Blackstone (NYSE:BX).
Douglas A. McIntyre
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