Media Digest 12/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Citigroup (NYSE:C) and the government are in a dispute over TARP re-payments

Reuters:   Japan release plans for an $81 billion stimulus package.

Reuters:   Morgan Stanley’s (NYSE:MS) new CEO will shuffle top management.

Reuters:   The US pay czar will exempt some AIG (NYSE:AIG) employees.

Reuters:   GM is in talks to sell part of Saab to China-based SAIC.

Reuters:   The labor market problems may be in their final phases.

Reuters:   Bernanke says the economy still faces “headwinds.”

WSJ:   Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) are fighting with the US over conditions for TARP payments.

WSJ:   Lending is still tight according to the Fed.

WSJ:   The airline industry appears headed for a recovery.

WSJ:   Moody’s (NYSE:MCO) says the US and UK may show they can cut debt to keep “AAA” ratings.

WSJ:   FedEx (NYSE:FDX) lifted its outlook.

WSJ:   RIM (NASDAQ:RIMM) set a distribution deal with China Mobile (NYSE:CHL)

WSJ:   Google (NASDAQ:GOOG) countered Microsoft (NASDAQ:MSFT) with new search features.

WSJ:   GM and Ford (NYSE:F) will begin big competition in the small car market.

WSJ:   Seagate is expanding beyond the storage disk business.

WSJ:   Dubai World may sell assets.

WSJ:   The FTC will review Google’s deal to buy AdMob

WSJ:   German luxury car companies have strong sales in China.

WSJ:   The EPA said greenhouse gases are dangerous.

WSJ:   The advertising market in the US will be stable next year according to one forecaster.

WSJ:   News Corp (NYSE:NWS), Time Warner Inc (NYSE:TWX), and other publishers will form an alliance to create content for tablet PCs and e-readers.

WSJ:   S&P sees dividends increasing next year.

NYT:   An overhaul of major debt rating agencies is unlikely.

NYT:   A technology used to mine natural gas make cause pollution.

NYT:   GM will spend significantly on new models.

NYT:   State labor officials and the long-term unemployed are pushing Congress to extend benefits.

NYT:   NY Attorney General Cuomo is focusing his probe of Bank of America (NYSE:BAC) on an executive who is a candidate for the CEO job.

NYT:   Universal, Sony (NYSE:SNE), and EMI will start a music video site.

NYT:   The FTC and other groups are far apart on rules for online privacy.

Bloomberg:   Obama says there is no silver bullet for job creation.

Douglas A. McIntyre