Media
Media Digest (10/20/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Apple (NASDAQ:AAPL) beat earnings forecasts.
Reuters: The IRS is probing some homebuyers’ tax credit gains.
Reuters: The US is ready to bring more insider trading cases.
Reuters: More US companies are cutting bonuses.
Reuters: Icahn offered to underwrite a $6 billion loan to CIT (NYSE:CIT).
Reuters: Retailers like Saks (NYSE:SKS) Macy’s (NYSE:M), and Dillard’s (NYSE:DDS) cut inventories so much that they are scrambling to buy holiday goods.
Reuters: An IBM (NYSE:IBM) executive was put on leave after insider trading charges were filed against him.
Reuters: Bernanke called for action on global imbalances.
Reuters: Texas Instruments (NYSE:TXN) posted good profits.
Reuters: Boston Scientific (NYSE:BSX) cut its forecasts.
WSJ: Galleon holders are selling their interests in the hedge fund.
WSJ: Changes in government healthcare policies are causing mergers within the industry.
WSJ: Cerberus is considering an IPO of gun maker Freedom Group.
WSJ: Employers are holding off hiring even though they have higher profits.
WSJ: Target (NYSE:TGT) is joining Wal-Mart (NYSE:WMT) in an online price war.
WSJ: Barnes & Noble (NYSE:BKS) has introduced its own e-reader.
WSJ: Large ad agencies urged regulators to approve a search deal between Yahoo! (NASDAQ:YHOO) and Microsoft (NASDAQ:MSFT).
WSJ: The German government said financial aid would be available to any buyer that GM picks for Opel.
WSJ: Sales of luxury goods are still soft.
WSJ: Intel’s (NASDAQ:INTC) CEO did not know about an insider trading probe of one of his employees.
WSJ: Sprint (NASDAQ:S) will buy iPCS for $426 million.
WSJ: Caterpillar’s (NYSE:CAT) future is looking better.
WSJ: Qatar’s sovereign fund is selling its stake in Barclays (NYSE:BCS) for a 750 million pound gain.
WSJ: Moody’s (NYSE:MCO) analysts were warned to keep secrets after the Galleon probe was announced.
WSJ: The EU’s hedging rules could hurt airlines and banks.
WSJ: AIG (NYSE:AIG) provided another $2 billion to its aircraft leasing unit.
WSJ: Investments in hedge funds were up in the third quarter.
WSJ: China will set tariffs on Nylon.
WSJ: Deals to increase China oil holdings are actually low.
WSJ: Health care data company IMS Health may sell itself to private equity interests.
WSJ: Luxury goods sales may not recover until 2012.
WSJ: Third quarter earnings will show if there is increasing demand for goods and services.
WSJ: The New York Times (NYSE:NYT) cut 100 editorial jobs.
NYT: A thin line separates insider trading from research.
NYT: Bernanke says Asia economies are raising world out of trouble.
NYT: Former News Corp (NYSE:NWS) executives are advising Comcast (NASDAQ:CMCSA) as it looks at buying content properties
NYT: The FDA turned down a new Amgen (NYSE:AMGN) bone drug.
NYT: The Fed is preparing a plan to drain cash from banks if inflation begins.
FT: Diesel stock piles could curb crude’s rally.
Bloomberg: Federal officials told Bank of America (NYSE:BAC) that a deal to buy Merrill Lynch would help its shares.
Douglas A. McIntyre
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