Media

Media Digest 11/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Hurricane Ida is heading toward Gulf oil fields.

Reuters:   Kraft (NYSE:KFT) will make its bid for Cadbury.

Reuters:   GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation.

Reuters:   The IMF is considering an insurance levy on banks.

Reuters:   Opel unions want autonomy as a condition for talks.

Reuters:   Advanta filed for bankruptcy protection.

Reuters:   Morgan Stanley (NYSE:MS) will try to sell its stake in China bank CICC.

Reuters:   Sprint (NYSE:S) will invest more in Clearwire (NASDAQ:CLWR).

Reuters:   China said it hopes the US will keep its deficit at an “appropriate” size.

Reuters:   The head of Goldman Sachs (NYSE:GS) said banks do “God’s work.”

WSJ:   Companies that sell to consumers say that the customers will be frugal for a long time.

WSJ:   G20 officials disagreed on a tax on bank transactions.

WSJ:   NBCU will be valued at $30 billion.

WSJ:   AXA AsiaPacific rejected at $10 billion bid from AMP.

WSJ:   Northrup Grumman (NYSE:NOC) will sell its TASC unit for $1.7 billion.

WSJ:   A healthcare bill would cause wide oversight of insurance companies.

WSJ:   Dollar General is about to go public.

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

WSJ:   S&P has begun considering offering potential loss numbers from some residential bonds.

WSJ:   Public company stock listings have dropped sharply in recent years.

WSJ:   Las Vegas Sands (NYSE:LVS) hopes to raise $3.83 billion in the IPO of its Asia unit.

WSJ:   Some of the largest banks do not provide adequate data about investment banks and securities operations.

WSJ:   Wal-Mart (NYSE:WMT) risks little in its e-book and DVD prices wars because online sales are only 1% of revenue

WSJ:   The Supreme Court will decide when a business when a business method can be patented

WSJ:   Lear is set to exit Chapter 11 as a smaller car parts firm

NYT:  Rent the Runway wants to do for fashion what NetFlix (NASDAQ:NFLX) did for movies.

NYT:   Circulation at The New York Post, owned by News Corp (NYSE:NWS) is down about 30% in a little over two years.

NYT:   Wal-Mart (NYSE:WMT) is working on a program to help people who run out of money at the end of a month.

NYT:   The strength of the US economy is overstated because of the way imports are accounted for in measures of gross domestic product and worker productivity.

NYT:   The number of Twitter tweets a day rose to 26 million a day in October from 2.4 million in January.

FT:   The markets’ inflation readings are moving up.

FT:  Long-dated oil prices have risen to within a whisker of $100 a barrel.

FT:   News Corp is paying $1 million a month for empty MySpace offices

FT: Robot hamster toys are popular for Christmas.

Douglas A. McIntyre

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