Media

Media Digest (10/23/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Japan Airlines faces $8.8 billion in excess debt if liquidated.

Reuters:   Amazon (NASDAQ:AMZN) beat Wall St. estimates.

Reuters:   GM’s CEO will get a pay raise.

Reuters:   Nokia (NYSE:NOK) sued Apple (NASDAQ:AAPL) over patent infringement.

Reuters:   Bank of America (NYSE:BAC) hit back at compensation cuts by the pay czar.

Reuters:   American Express (NYSE:AXP) numbers beat forecasts.

Reuters:   CIT (NYSE:CIT) and Goldman Sachs (NYSE:GS) reached an agreement over a large CIT dividend payment.

Reuters:   Booksellers are asking the Justice Department to look into the price wars among online sellers including Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), and Target (NYSE:TGT).

WSJ:   The Fed hit banks with sweeping pay limits.

WSJ:   Calpers is reviewing its ties with Apollo Management.

WSJ:   AT&T (NYSE:T) and Google (NASDAQ:GOOG) are battling over net neutrality rules.

WSJ:   Online premium video site Hulu will start to charge for content.

WSJ:   Caterpillar (NYSE:CAT) picked at insider to be its next CEO

WSJ:   Ballmer, which has presided over tough times at Microsoft (NASDAQ:MSFT), gets to have some pleasure in good reviews of Windows 7.

WSJ:   The federal home buyer credit is drawing tax cheats.

WSJ:   Credit Suisse (NYSE:CS) posted an impressive profit.

WSJ:   Dole Foods IPO was priced at $12.50.

WSJ:   There will be several Treasury auctions next week.

WSJ:   Chrysler’s board is pushing back against its new CEO, the head of Fiat.

WSJ:   Fortune Magazine will publish 18 times a year instead of 25.

WSJ:   Wal-Mart (NYSE:WMT) expects strong sales gains next year.

NYT:   The Fed plans to discourage risky pay packages.

NYT:   A key Obama adviser said unemployment would go above 10% and the recovery would remain slow.

NYT;   A House committee cleared the way for an agency that would monitor consumer lenders for abuse.

NYT:   Russia dropped a $22 billion suit against The Bank of New York.

Bloomberg:   The Las Vegas  Sands (NYSE:LVS) is looking for more funds to expand in Macau.

Douglas A. McIntyre

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