Media
Media Digest 11/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: The dollar may keep rising as investors close out bets on oil and the currency.
Reuters: Black Friday deals may not signal a retail comeback.
Reuters: Kraft (NYSE:KFT) is weighing a higher Cadbury bid as competition from Hershey (NYSE:HSY) and Nestle may emerge.
Reuters: A group of economists raised their estimates for US growth next year.
Reuters: Microsoft (NASDAQ:MSFT) and News Corp (NASDAQ:NWS) are working on a distribution deal that would take News Corp’s news sites off Google (NASDAQ:GOOG).
Reuters: A Fed official said the mortgage-related asset purchase program should be extended.
Reuters: Chieftain Capital may break into two firms.
Reuters: JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) may outsource some back office operations to India which would bring hundreds of millions of dollars in sales to Wipro (NYSE:WIT), Infsys (NASDAQ:INFY) and Tata Consultancy. More US financial firms may move operations as they pay TARP funds.
Reuters: Japan is leaning toward buying F-35 fighters from Lockheed Martin (NYSE:LMT).
WSJ: Investors are backing away from risk as the year ends.
WSJ: Italy’s Eni will buy oil stake in Uganda.
WSJ: Reliance Industries made a $12 billion bid to take control of LyondellBasell
WSJ: Nissan may produce its electric cars in China.
WSJ: eBay’s (NASDAQ:EBAY) search feature was down on Saturday.
WSJ: Existing home sales are up but that has not helped the US housing market much.
WSJ: Banks are playing a dangerous game by using short term debt to fund loans.
WSJ: Chrysler is offering 10% financing and $5,000 cash back on 2010 models.
WSJ: Government payments on debt are based on interest rates that are likely to rise and by 2019 debt service could be $700 billion a year.
FT: Microsoft and News Corp are talking about a web deal to counter Google News.
FT: Coca-Cola (NYSE:KO) will work to triple sales in China within a decade.
Bloomberg: The dollar may not bottom until next year.
Douglas A. McIntyre
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