Media Digest 10/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Corporate directors are on the hot seat over management pay.

Reuters:   The US healthcare system wastes up to $800 billion a year.

Reuters:   Capmark Financial filed for bankrupcy.

Reuters:   The land dealer advisor resigned from Calpers.

Reuters:   Legg Mason (NYSE:LM) will elect Nelson Peltz to its board.

Reuters:   HealthSouth will fund the expenses of dissident nominees to its board.

Reuters:   Deloitte said global revenue at its member firms was down 4.9%.

Reuters:   Barron’s says investors should swap Yahoo! (NASDAQ:YHOO) shares for Google (NASDAQ:GOOG).

Reuters:   Oil fell below $80 on economic recovery concerns.

WSJ:   Gold and stocks are recovering at the same time, which does not usually happen.

WSJ:   Netflix (NASDAQ:NFLX) will offer movies on the Sony (NYSE:SNE) PlayStation.

WSJ:   Ford (NYSE:F) is gaining market share and may have become profitable in Q3.

WSJ:   US household debt is shrinking which may help the recovery.

WSJ:   Two Chinese fund companies will begin to buy securities off-shore.

WSJ:   Asian chip makers are experiencing a turnaround.

WSJ:   The fall of the Chinese yuan is worrying other nations in Asia.

WSJ:   Global shipping may be a reliable standard for measuring the recovery.

WSJ:   Treasury sales will increase this week but it seems that the demand is present.

WSJ:   With oil prices rising, Dubai is considering raising $6.5 billion in debt.

WSJ:   Kraft (NYSE:KFT) needs Cadbury to help its bottom line.

NYT:   The Obama Administration is trying to figure out what to do with financial firms that are too big to fail.

NYT:    “Twitter is “smart enough, or lucky enough” to let its users create new features for it, says an M.I.T. professor.”

NYT:   Hollywood is struggling to replace the DVD.

NYT:   Advertiser are dropping newspaper sites for more targeted media.

NYT:   Big cellphone makers are shifting to Google (NYSE:GOOG) Android.

NYT:   Michael Eisner’s Vuguru will launch with Canadian backing.

NYT:   The EU warned of antitrust concerns about a tie-up of American (NYSE:AMR), British Airways, and Iberia.

FT:  Beijing will allow overseas investment after a 17 month pause.

FT:   House Democrats would like to wind down the largest financial firms.

Bloomberg;  Pay of the top executives at Bank of America (NYSE:BAC) and Citigroup (NYSE:C) averaged $18 million last year.

Douglas A. McIntyre