Media

Media Digest 11/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Wall St. insider trading probe lead to another 14 arrests.

Reuters:   Fannie Mae (NYSE:FNM) lost $19 billion and asked Treasury for money.

Reuters:   GM is readying its plans for Opel as some of its workers went on strike.

Reuters:   The pay czar says the jury is still out on reforms.

Reuters:   Stock exchanges are under pressure to defend business against new electronic competition.

Reuters:   CBS (NYSE:CBS) beat earnings.

Reuters:   The head of the SEC said the agency should be self-funding.

Reuters:   Starbucks (NYSE:SBUX) raised its outlook.

WSJ:   Money moving into commodities has slowed and the markets may drop.

WSJ:   A federal cap on interest rates paid by weak banks could accelerate closings.

WSJ:   Wal-Mart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Target (NYSE:TGT) are  starting to cut prices on DVDs.

WSJ:   British Air will make 3,000 more job cuts.

WSJ:   Sirius XM (NASDAQ:SIRI) showed financial improvement in the last quarter.

WSJ:   The FTC is investigating CVS Caremark (NYSE:CVS).

WSJ:   Microsoft (NASDAQ:MSFT) Windows 7 sales are off to a strong start.

WSJ:   JDA Software (NASDAQ:JDSA) is buying i2 Technologies (NASDAQ:ITWO).

WSJ:   Productivity moved up in Q3.

WSJ:   Hyatt (NYSE:H) and Ancestry (NASDAQ:ACOM) moved up after their IPOs.

WSJ:   Exxon (NYSE:XOM) and Shell won rights to drill at large oil field in Iraq.

WSJ:   IMS will be bought by private equity interests.

WSJ:   Borders (NYSE:BGP) will close 200 stores.

WSJ:   US retail spending rose in October.

NYT:   BioCryst Pharmaceuticals has developed a new H1N1 treatment.

NYT:   Some in Congress are concerned that a Texas wind farm that would get stimulus could create more jobs in China than the US.

NYT:   One of the methods for bank bailouts have allowed large financial firms to save $25 billion in borrowing costs.

NYT:  EU trade barriers are rising with the recession.

NYT:   A judge ruled against tobacco companies trying to dodge FDA regulations.

NYT:   The US imposed duties on steel pipes from China.

NYT:   Lenovo’s quarterly profits rose sharply.

FT:   Citigroup (NYSE:C) will relaunch its troubled hedge fund unit.

FT:   USB (NYSE:UBS) staff speculated with client accounts.

FT:   Google (NASDAQ:GOOG) unveiled a privacy tool.

Bloomberg:   Schumer urged Obama to block stimulus funds for a China- backed wind farm.

Douglas A. McIntyre

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