Media

Media Digest 11/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Senate Democrats unveiled their healthcare plan.

Reuters:   Hedge fund manage Griffin has rebounded from losses.

Reuters:   GM must pay its debt and become profitable before an IPO.

Reuters:   Kraft (NYSE:KFT) is still considered the front-runner to buy Cadbury.

Reuters:   GE (NYSE:GE) expects slow growth in its huge technology infrastructure group in 2010.

Reuters:   A member of the Fed said the agency should not tackle energy price issues.

Reuters:   The World Gold Council said gold demand fell 34% in Q3.

Reuters:   Private bankers are expected to help the wealthiest Chinese invest $7.6 trillion by 2013.

WSJ:   Blackstone (NYSE:BX) will buy Birds Eye.

WSJ:   Merit increases should make a comeback in 2010.

WSJ:   Bond yields are turning against life insurance companies.

WSJ:   Sony (NYSE:SNE) expects to be back to normal profit levels in 2012.

WSJ:   Conde Nast is preparing content for a new e-reader.

WSJ:   Dell (NASDAQ:DELL) is still playing catch-up with HP (NYSE:HPQ).

WSJ:   A fight is emerging over a new jobs bill.

WSJ:   California still faces a $21 billion budget gap over the next year-and-a-half.

WSJ:   California is legislating for more energy-efficient TVs.

WSJ:   American Express (NYSE:AXP) bought an online payment firm for $300 million.

WSJ:   Ambac (NYSE:ABK) announced a capital surplus increase.

WSJ:   The government will find it hard to bail out the commercial real estate business.

WSJ:   The House Financial Services Committee passed a measure to allow banks to issue government-back debt during tough financial periods.

WSJ:   Delta (NYSE:DAL) said it would put over $1 billion into Japan Air.

WSJ:   AMD (NYSE:AMD) will cut its debt with cash from a settlement with Intel (NASDAQ:INTC).

NYT:   Luxury stores are raising the prices of many items.

NYT:   Banks engaged in risky behavior before the credit crisis even though regulators were aware of their actions.

NYT:   The rising price of drugs is causing House leaders to call for a review.

NYT:   Wells Fargo (NYSE:WFC) will buy $1.4 billion in auction rate securities.

NYT:   The European ombudsman said that the EC made some mistakes in its Intel (NASDAQ:INTC) antitrust probe.

NYT:   Nearly one million people will see jobless benefits end in January if Congress does not act.

FT:   Obama said the US debt could cause double dip recession.

FT:   There are renewed fears of a China property bubble.

FT:   Vivendi may seek more cash from GE (NYSE:GE) for its piece of NBCU.

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Douglas A. McIntyre

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