Media

Media Digest (10/19/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   US corporations are concerned about the weakness of the dollar.

Reuters:   Bernanke says that global imbalances in trade and cash flows must be addressed.

Reuters:   Wal-Mart (NYSE:WMT) is attacking new markets with huge price cuts.

Reuters:   Obama Administration officials say big Wall St. bonuses are “obscene”

Reuters:   Symantec (NASDAQ:SYMC) said millions of computers have fake security software.

Reuters:   The government is getting ready to file a number of insider trading charges.

Reuters:   Google (NASDAQ:GOOG) is taking its Apps business global and claims to have two million customers.

Reuters:   UBS (NYSE:UBS) sent a registered letter to clients about tax issues.

Reuters:   Amazon’s (NASDAQ:AMZN) Kindle should easily hold its e-reader market lead through the holidays.

Reuters:   CME is in informal talks to take over CBOE.

Reuters:   Blackstone (NYSE:BX) will begin to invest in theme parks.

Reuters:   Germany says EU concerns will not hurt Opel deal.

WSJ:   Drug companies should benefit from expanded healthcare by getting more insured customer. Insurance companies should be hurt by more competition.

WSJ:   Vivendi and GE (NYSE:GE) are about $500 million apart in a deal for the European firm to sell its stake in NBCU.

WSJ:   Employer-subsidized retirement benefits and employer-paid health care are both being undermined by the recession.

WSJ:   Money managers are facing smaller bonuses.

WSJ:   GM’s support for the Opel deal is being tested.

WSJ:   The Administration is pushing Arab states to export more to China so the Asian nations will not do business with Iran.

WSJ:   CIT (NYSE:CIT) is sweetening its offer to bondholders.

WSJ:   Nokia (NYSE:NOK) and Sony Ericsson (NYSE:SNE)(NASDAQ:ERIC) are focusing more on margins.

WSJ:   Apple (NASDAQ:AAPL) is being burdened by quickly rising expectations.

WSJ:   The US dollar may have further to fall.

WSJ:   Junk bond investors think the market may be peaking.

NYT:   The arrest of Raj Rajaratnam has rattled the hedge fund industry.

NYT:   Some  businesses are profiting from the fall of the US dollar.

NYT:   Nokia’s market share in the US is falling quickly.

FT:   Citigroup (NYSE:C) may have to sell Banamex because of Mexican legal rulings.

FT:   Russia is trying to raise $18 billion in the international bond markets.

FT:   Barclays CEO warned on regulation of banks and bonuses.

Bloomberg:   Gold may move toward $2,000.

Douglas A. McIntyre

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