Media
Media Digest 11/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy.
Reuters: Summers will lead a high level meeting on the economy.
Reuters: US companies are holding more cash.
Reuters: The Fed is likely to keep interest rates flat due to economic uncertainty.
Reuters: Comcast (NASDAQ:CMCSA) is close to gaining control of NBC Universal from GE (NYSE:GE).
Reuters: Bank of American (NYSE:BAC) is trying to get the head of BNY Mellon (NYSE:BK) to take CEO job.
Reuters: Goldman Sachs (NYSE:GS) is close to buying Fannie Mae (NYSE:FNM) tax credits.
Reuters: Wal-Mart (NYSE:WMT) announced a second round of toy cost cuts.
Reuters: October retail sales could be a disappointment.
WSJ: The US and GMAC are fighting about capital levels at the lending company.
WSJ: The head of BNY Mellon told Bank of America that he is not interested in the CEO job.
WSJ: Danbury Resources (NYSE:DNR) will buy Encore Acquisition (NYSE:EAC) for $3.25 billion .
WSJ: The Apple (NASDAQ:AAPL) iPhone got a luke warm reception in China.
WSJ: Editorial content at The Detroit Free Press is being influenced by advertisers.
WSJ: EBay (NASDAQ:EBAY) will begin an ad campaign.
WSJ: Companies hold more assets in cash that at any time in four decades.
WSJ: The Fed is looking at raising interest rates.
WSJ: More college presidents are earning over $1 million a year.
WSJ: The Institute for Supply Management numbers for last month should be up a bit.
WSJ: Blackstone (NYSE:BX) will broaden its business in China.
WSJ: Investors in banks should look at loss buffers.
WSJ: Ford (NYSE:F) may change the locations of where it builds some cars after losing a UAW vote.
NYT: Human Genome Sciences (NASDAQ:HGSI) has a promising lupus drug.
FT: The US Senate will introduce a draft financial bill.
FT: Wal-Mart (NYSE:WMT) is looking at urban expansion in the US.
FT: Pfizer (NYSE:PFE) says it back US health reform.
Bloomberg: Citigroup (NYSE:C) and JP Morgan (NYSE:JPM) are hoarding cash as if another crisis is coming which will hurt returns.
Douglas A. McIntyre
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