Media Digest 11/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Douglas A. McIntyre

Published: November 2, 2009 4:54 am

Last Updated: April 28, 2020 1:13 am

newspaper 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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