Media

Media Digest 12/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Treasury says the TARP loss will be $200 billion less than expected.

Reuters:   Cadbury (NYSE:CBY) will respond to the Kraft (NYSE:KFT) offer on the 14th of December.

Reuters:   Five AIG (NYSE:AIG) executives may quit over pay restrictions

Reuters:   The US and Japan will open the options for carriers to fly to Tokyo.

Reuters:   Dubai will not sell assets to support Dubai World.

Reuters:   Citigroup (NYSE:C) is seeking government approval to pay its loans.

Reuters:   GM hired Spencer Stuart for find a CEO.

Reuters:   Senior lawmakers are near a deal to regulate swaps.

Reuters:   Credit contraction in the US continues to grow.

Reuters:   Saks (NYSE:SKS) is facing frugal upper class shoppers.

Reuters:   The Organization of Economic Cooperation says public debt will hurt the recovery.

WSJ:   Businesses are upset by a rule regulating carbon dioxide emissions.

WSJ:   The bull market is showing signs of near-term slowing.

WSJ:   Big retailers are under more financial pressure because of federal laws that may prevent them from extending credit.

WSJ:   Toyota (NYSE:TM) faces a US safety probe.

WSJ:   Kuwait sold its $4.1 billion stake in Citigroup (NYSE:C).

WSJ:   Barnes & Noble (NASDAQ:BKS) delayed the release of its Nook e-readers in stores.

WSJ:   Ebay (NASDAQ:EBAY) and Craigslist will face off in court.

WSJ:   There is still a great deal of systemic risk in the credit system.

WSJ:   The Boeing (NYSE:BA) Dreamliner is close to its first test flight.

WSJ:   Intel (NASDAQ:INTC) killed plans for a graphics chip.

WSJ:   Clear Channel will seek to raise debt.

WSJ:   With yields falling US companies may be forced to look at more M&A.

WSJ:   Banks must increase debt to cover capital requirements.

NYT:   The loss on the TARP will be $42 billion out of $370 billion loaned, according to new forecasts.

NYT:   The NBCU deal puts the future of broadcast TV in doubt.

NYT:   Big sovereign wealth funds have made huge profits on bailing out financial firms.

FT:   Citigroup (NYSE:C) is in a race to repay TARP funds.

FT:   Obama hopes the TARP fund can be used for job creation.

FT:   Bloomberg is looking for more media acquisitions.

FT:   Silicon Valley is preparing for a comeback in IPOs.

Douglas A. McIntyre

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