Media

Media Digest 11/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Thain regrets nothing he did at Merrill Lynch and during its merger with Bank of America (NYSE:BAC).

Reuters:   Trump put his support to the bondholders of his casino business.

FT:   A Chinese court ruled against Microsoft (NASDAQ:MSFT) in an intellectual property case.

Reuters:   Almost 15,000 Americans admitted to offshore tax cheating.

Reuters:   Hershey (NYSE:HSY) and Ferrero are in talks about buying Cadbury.

Reuters:   House Democrats are advancing their “too big to fail” legislation.

Reuters:   Fed officials differ on the recovery’s pace.

Reuters:   Citigroup (NYSE:C) upped the base salaries of some executives.

Reuters:   RIM (NASDAQ:RIMM), maker of the Blackberry, will stick to its current strategy.

Reuters:   The CEO of Goldman Sachs (NYSE:GS) apologized for the firm’s role in the credit crisis.

Reuters:   US consumers expect deep holiday discounts.

Reuters:   Microsoft announced it new cloud computing plans.

WSJ:   Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) are being hurt by commercial loan defaults affecting transactions for apartment buildings.

WSJ:   Goldman Sachs and Buffett have put together a program to help small businesses.

WSJ:   Federal regulators are putting together plans to get cheap broadband to all Americans.

WSJ:   The head of the IMF said a stronger yuan would help global economics.

WSJ:   Delta (NYSE:DAL) and its alliance of airlines will offer JAL over $1 billion in funding.

WSJ:   Mitsubishi UFJ (NYSE:MTU) will $11 billion in stock.

WSJ:   Vivendi and GE (NYSE:GE) are setting terms for the buyout of the European company’s piece of NBCU.

WSJ:   GM’s plan of Opel is still not set.

WSJ:   Applied Materials (NASDAQ:AMAT) will buy Semitool.

WSJ:   The FBI thinks terrorist are planning cyber attacks.

WSJ:   There are still too many houses in the US to support a market recovery.

WSJ:   A government report says Goldman Sachs would have suffered massive losses if AIG (NYSE:AIG) had not honored financial commitments backed by the government.

WSJ:   Pimco will set up a business to help assess bond risk.

WSJ:   New ETFs offer investors the chance to put money into the market like hedge funds do.

WSJ:   S.C. Johnson may bid against P&G (NYSE:PG) for Sara Lee’s (NYSE:SLE) air freshener business.

WSJ:   CEOs say access to credit is key to job growth.

WSJ:   US power companies are teaming with Chinese operations to get access to new technology.

WSJ:   Barnes & Noble (NYSE:BKS) put a poison pill into effect.

NYT:   The NY State comptroller said Wall St. is on track for record profits.

NYT:   Congress is pushing medical schools on the ghost writing of research.

NYT:   A-Power Energy of China and the U.S. Renewable Energy Group are changing a wind farm deal because of political pressure.

FT:   Apollo is preparing an NYSE listing.

FT:   Sony (NYSE:SNE) is reworking its $5 billion ad budget.

FT:   Banks face ratings downgrades on their bonds.

FT:   A US task force will be set up to fight fraud.

Bloomberg:  Private equity funding is dropping sharply.

Bloomberg:   There are new warnings that China faces asset bubbles.

Douglas A. McIntyre

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