Media

Media Digest 12/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Goldman Sachs (NYSE:GS) may make bonus payments in stock.

Reuters:   China is worried about sticking to dollar deposits.

Reuters:   A well-known economist says housing will continue to fall.

Reuters:   Bank of America (NYSE:BAC) sold more than $19 billion in stock.

WSJ:   Raj Rajaratnam of Galleon was investigated ten years ago.

WSJ:   Chavez may nationalize banks in Venezuela.

WSJ:   TARP cash may be put toward jobs programs.

WSJ:   General Motors and SAIC will move their auto joint venture beyond China into India.

WSJ:   Write-downs hurt Toll Brothers (NYSE:TOL).

WSJ:   Cisco (NASDAQ:CSCO) missed the milestone to get 90% of the shares in Tandberg to vote for its buyout.

WSJ:   Take-Two (NASDAQ:TTWO) issued a week forecast and shares fell.

WSJ:   Activity in the services sector fell in November.

WSJ:   The Comcast (NASDAQ:CMCSA) deal to take control of NBCU from GE (NYSE:GE) faces regulatory approval.

WSJ:   GE (NYSE:GE) will invest in its industrial arm.

WSJ:   Boeing (NYSE:BA) is asking airlines to consider replacing parts on its 777.

WSJ:   Retailers are likely to have to cut prices further.

WSJ:   Sony (NYSE:SNE) may have to cut costs more to counteract the effects of a week dollar.

WSJ:   Microsoft (NASDAQ:MSFT) is upgrading Bing maps to better compete with Google (NASDAQ:GOOG).

WSJ:   The head of the St. Louis Fed said a jobless recovery may be the norm for a long time.

WSJ:   China blamed Wall St. for derivatives losses at some of its state-owned companies.

WSJ:   Credit default swap prices on sovereign debt are rising.

NYT:   The issues of making money on web TV are at the core of the NBCU deal

NYT:   Citigroup (NYSE:C) is at several disadvantages because it has not repaid TARP funds.

NYT:   GM may give up some ownership in its China operations to cover losses in South Korea.

NYT:  Sony (NYSE:SNE) will create internet services to move premium content to its game and consumer electronics platforms.

NYT:   The AMR (NYSE:AMR) bid for aid to JAL may go as high at $1.8 billion.

FT:   S&P downgraded banks in the UAE.

Bloomberg:   Citigroup may need Treasury to sell its stake in the bank before its can repay TARP funds.

Douglas A. McIntyre

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