Media Digest 10/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Nielsen survey shows consumer confidence up in the US for the first time since 2007.

Reuters:   Obama’s financial reforms are advancing in Congress.

Reuters:   The pay czar said his authority should not be expanded.

Reuters:   Obama’s “too big to fail” bill would curb bailouts.

Reuters:   The ex-CEO of AMD (NYSE:AMD) may have given tips to a Galleon information source.

Reuters:   Treasury may have to provide more money for GMAC.

Reuters:   FedEx (NYSE:FDX) and UPS (NYSE:UPS) clashed over a bill on labor rules.

Reuters:   Visa’s (NYSE:V) earnings beat forecasts.

WSJ:   The pay czar increased base salaries at many firms.

WSJ:   Hilton’s debt is becoming a problem for Blackstone (NYSE:BX).

WSJ:   A new poll shows Americans are more pessimistic about the economy.

WSJ:   The UAW is fighting some concessions to Ford (NYSE:F).

WSJ:   The search for a CEO for Bank of America (NYSE:BAC) is facing hurdles.

WSJ:   Broadcast TV owners are pressing cable firms to pay for carrying their channels.

WSJ:   The SEC is questioning Apollo on revenue recognition policies.

WSJ:   IAC (NASDAQ:IACI) is open to selling its search business.

WSJ:   IBM (NYSE:IBM) extended its share buyback.

WSJ:   Motorola (NYSE:MOT), Palm (NASDAQ:PALM) and HTC are having trouble getting their smartphones to stand out.

WSJ:   Large financial firms may have to pay some costs of a collapse of a competitor.

WSJ:   The dollar is the currency of choice in black markets.

WSJ:   S&P put the mortgage insurance divisions of seven companies on watch.

WSJ:   The SEC wants more power over asset-backed securities.

WSJ:   Franklin Resource (NYSE:BEN) had a good quarter.

WSJ:   Cost cutting will only get BP (NYSE:BP) so far.

WSJ:   Online retailers are pushing better service to pick up market share.

WSJ:   More car companies are looking at the design of Chinese autos which are selling outside it home market.

WSJ:   Nokia (NYSE:NOK) released a new smartphone for China.

WSJ:   The FCC may take some TV airwaves and auction them off for wireless internet.

WSJ:   The FTC is monitoring tech competition issues.

WSJ:   McDonald’s (NYSE:MCD) is gaining market share in the fast food sector.

NYT:   Reva, which makes electric cars, may have a strong future in that sector.

FT:   A new law may force some financial firms to sell risky businesses.

FT:  The CEO of  UAL (NASDAQ:UAUA) say that there is still too much capacity in the industry.

Bloomberg;  SAP (NYSE:SAP) cut its full-year sales forecasts.

Douglas A. McIntyre