Media
Media Digest 10/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: UBS (NYSE:UBS) will put in a new US chief.
Reuters: Goldman Sachs (NYSE:GS) says “dark pools” help investors.
Reuters: The US is welcoming the rise of the yuan.
Retuers: Nelson Peltz’s board seat at Legg Mason (NYSE:LM) may not signal change.
Reuters: Bill Gross of PIMCO says the end of Federal programs to buy back debt could pressure bond markets.
Reuters: Baidu (NASDQ:BIDU) was hurt by changes in its ad system and shares fell.
WSJ: The turnaround at Chrysler will be based on Fiat models.
WSJ: A new IRS unit will focus on complex financial structures of the wealthy.
WSJ: Honda’s (NYSE:HMC) earnings beat expectations.
WSJ: Continental’s (NYSE:CAL) switch to the Star Alliance airline program increases chances it will merge with United (NASDAQ:UAUA).
WSJ: The House will begin to work out plans for financial firms that are “too big to fail.”
WSJ: Dodd wants a rate freeze on certain credit card balances.
WSJ: Canon’s profits fell on low demand.
WSJ: Nokia (NYSE:NOK) launched a 3G phone in China.
WSJ: Tech firms are launching large ad campaigns including ones from Cisco (NASDAQ:CSCO), Juniper (NASDAQ:JNPR), and Microsoft (NASDAQ:MSFT) aimed at businesses spending more during the recovery.
WSJ: An improvement in the economy is boosting the prospects of renewal energy.
WSJ: Verizon’s (NYSE:VZ) FiOS roll-out slowed.
WSJ: The head of Michelin said car sales are improving.
WSJ: Caterpillar (NYSE:CAT) will cut 2,500 people.
NYT: Greenberg, former head of AIG (NYSE:AIG), is starting a firm that may take some of the battered insurance company’s key talent.
NYT: The CNN division of Time Warner (NYSE:TWX) is now fourth among major cable news networks.
NYT: Fisher Automotive will make hybrids in its new plant which was formerly owned by GM.
NYT: Forbes magazine plans more layoffs.
Bloomberg: BP’s (NYSE:BP) earnings fell 34%.
Douglas A. McIntyre
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