Media

Media Digest 12/1/2009 Reuters, WSJ, NY Times, FT, Bloomberg

Reuters:   A $25 billion debt plan for Dubai World helped calm markets.

Reuters:   GE (NASDAQ:GE) and Vivendi agreed to value NBCU at a price which gives the French company $5.8 billion for its 20% share.

Reuters:   The unemployed face higher healthcare premiums.

Reuters:   White House financial adviser Summers said unemployment will stay high.

Reuters:   November sales will shed more light on the holiday season.

Reuters:   The Treasury is pressuring mortgage companies to provide home loan relief.

Reuters:   Car company Geely will get $1.8 billion from Chinese banks to buy Volvo.

Reuters:   Black Friday sales disappointed investors.

Reuters:   The Treasury gave guidance that should speed “short sales” of homes.

WSJ:   As the stimulus money for highway construction drops the industry will layoff workers.

WSJ:   A federal judge is questioning an SEC deal to settle an insider trading of shares in Nova Chemicals.

WSJ:   “Cyber Monday” sales were helped by discounts.

WSJ:   GM directors will decide the fate of Saab at their upcoming meeting.

WSJ:   Nokia (NYSE:NOK) sued Asian LCD makers.

WSJ:   The CBO says the stimulus package sustained 600,000 to 1.6 million jobs in Q3.

WSJ:   DeBeers said shareholders will put $1 billion into the company.

WSJ:   US steel companies are shutting plants.

WSJ:   India’s growth is pressuring its central bank to raise rates.

WSJ:   Blockbuster (NYSE:BBI) plans kiosks to compete with Redbox.

WSJ:   Charter Communications came out of bankruptcy.

NYT:   Oil companies are making big investment in Iraq.

NYT:   Experts are trying to predict the next blow-up after Dubai.

NYT:   Sanford C. Bernstein said AIG’s (NYSE:AIG) P&C business has a $11.9 billion shortfall in reserves to pay claims.

NYT:   The Fed is beginning to test the effect of moving out of its securities support effort.

NYT:   Caterpillar (NYSE:CAT) bought a manufacturer in South Korea.

FT:   The CBO expects little savings on insurance premiums from the healthcare program.

FT:   US commercial real estate default rates hit 3.4% in the third quarter.

FT:   BP (NYSE:BP) faces a new probe over an Alaska pipeline spill.

FT:   Carlyle was sued by Kuwait over its management of funds.

FT:   US manufacturers said they need relief from environmental laws.

Bloomberg:   China manufacturing rose again last month.

Bloomberg:   GM may sell some assets of Saab to Beijing Auto and close the brand.

Douglas A. McIntyre

Credit card companies are handing out rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.