Media Digest 12/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The GM board pushed out CEO Henderson.

Reuters:   Bernanke will defend the Fed’s record and his before Congress.

Reuters:   China will let foreigners set up limited partnerships.

Reuters:   Manufacturing is growing again but the recovery is fragile.

Reuters:   The Fed’s Plosser said the agency must be ready to raise rates again.

Reuters:   The COO of McDonald’s (NYSE:MCD) will retire.

Reuters:   Credit cards offers are improving for very select customers.

WSJ:   The SEC is picking up the pace of insider trading probes.

WSJ:   Barrick Gold is cutting programs to hedge against falling gold prices.

WSJ:   Two candidates for the CEO job at Bank of America (NYSE:BAC) said the bank should be broken up.

WSJ:   Northrup Grumman (NYSE:NOC) may not bid on a huge Air Force tanker project.

WSJ:   The FCC wants to reallocate more spectrum to wireless carriers.

WSJ:   The Fed has renewed worries about housing and credit bubbles.

WSJ:   The FHA is trying to find ways to increase reserves.

WSJ:   Ford’s Fiesta is in the process of becoming a global car.

WSJ:   A new Airbus transport is making progress toward manufacturing.

WSJ:   A meeting at the FTC caused more debate about charging for online news.

WSJ:   Google (NASDAQ:GOOG) will let some publishers limit the number of articles that appear on the search engine.

WSJ:   AIG (NYSE:AIG) cut a deal to lower its debt.

NYT:   Retailers appear to have done better in November than they did last year.

NYT:   Pfizer (NYSE:PFE) is moving aggressively into the business of treating rare diseases.

NYT:   The New York Fed took ownership piece of two AIG insurance companies.

NYT:   The EPA will raise to 15% the amount of ethanol that can be in fuel blends.

NYT:   Pending home sales were higher based on access to credit for buyers.

FT:   The UN halted funding for Chinese wind farms.

FT:   Gold moved above $1,200.

FT:   GE (NYSE:GE) will not make cash payments to Vivendi for its NBCU stake until next year.

FT:   Fears are growing over overheated debt markets.

FT:   Murdoch of News Corp (NYSE:NWS) attacked news aggregators again.

FT:   Bernanke faces a tough Congressional hearing.

Bloomberg:   Europe’s biggest banks are getting bigger raising concerns about the effects of another credit crisis.

Douglas A. McIntyre