Media

Media Digest (10/21/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   China is having trouble managing supply and demand.

Reuters:   Geithner said the core programs of the TARP are ending.

Reuters:   Yahoo! (NASDAQ:YHOO) tripled it profits.

Reuters:   Sun Microsystems (NASDAQ:JAVA) will cut 3,000 jobs due to delays in the Oracle (NASDAQ:ORCL) buyout of the company.

Reuters:   The SEC is looking for ways to make dark pools of money more transparent.

Reuters:   The Fed’s Yellen said there will be no tightening in the next several months.

Reuters:   Bank of America (NYSE:BAC) may have known of Merrill Lynch losses as early as November.

Reuters:   The special inspector general for the U.S. Treasury’s Troubled Asset Relief Program said the U.S. government’s $700 billion financial bailout program has increased moral hazard in the markets by infusing capital into banks that caused the financial crisis.

WSJ:   Businesses that sell to corporations say that their sales are looking up.

WSJ:   The head of the Bank of England said that breaking up the largest banks may be necessary to protect the financial system.

WSJ:   Deutsche Bank’s (NYSE:DB) profits were up.

WSJ:   Cadbury raised financial forecasts.

WSJ:   California sued State Street (NYSE:STT) over management of some of the state’s large pension funds.

WSJ:   Casino gambling receipts in Macau rose 23% in the third quarter to $3.8 billion.

WSJ:   Bonuses for UK bankers will be up 50%.

WSJ:   Apple (NASDAQ;AAPL) updated its iMac line.

WSJ:   Housing starts rose less than expected.

WSJ:   The owners of the New York Mets made money on Madoff.

WSJ:   Boeing (NYSE:BA) is still a risky investment.

WSJ:   More retailers including Target (NYSE:TGT) and Macy’s (NYSE:M) are offering free shipping for the holidays.

WSJ:   Disney (NYSE:DIS) is developing ways to replace DVDs with digital products.

WSJ:   MGM Mirage (NYSE:MGM) will take write downs on its huge Las Vegas project.

WSJ:   Some cable carriers may set up pay-as-you-go access to the internet.

NYT:   Volker believes that giant banks should be broken apart but few in the Administration agree.

NYT:   Rising debt is a threat to the economy in Japan.

NYT:   Credit Suisse (NYSE:CS) is cracking down on compensation.

NYT:   Only 20% of car buyers are sticking with their earlier brand.

FT:   The US is suffering set-backs in plans to regulate oil speculation.

FT:   US companies are producing an upbeat start to earnings season.

FT:   Barnes & Noble (NYSE:BKS) launched it e-reader.

FT:   Neil Barofsky, the special inspector general for the $700 billion government bailout fund, threatened to subpoena documents from the administration.

Bloomberg:   JPMorgan (NYSE:JPM) is leading Goldman Sachs (NYSE:GS) in advising on mergers for the first time since 2000.

Douglas A. McIntyre

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