Media Digest 12/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   China remains a top investment place for US firms.

Reuters:   Suzuki sold a stake to VW.

Reuters:   The Administration will extend TARP until next October.

Reuters:   The Congressional Oversight Committee said TARP had done little to promote bank lending.

Reuters:   Zillow says US home values will become more stable next year.

Reuters:    General Growth drew a number of possible bids

Reuters:   PepsiCo (NYSE:PEP) lowered the top end of its forecasts for next year.

WSJ:   Funding from the US Import-Export Bank is helping Boeing (NYSE:BA) keep up plane production.

WSJ:   The debt problems of nations may damage the economic recovery.

WSJ:   Obama is pressing a new stimulus package.

WSJ:   Game companies including Nintendo and Microsoft (NASDAQ:MSFT) are bringing out games for beginners.

WSJ:   Some publishers are delaying e-books until after hardbacks are released.

WSJ:   Exxon (NYSE:XOM) approved a large natural gas project.

WSJ:   Nokia (NYSE:NOK) formed a joint venture to attack the Chinese market.

WSJ:   TI (NYSE:TXN) raised its quarterly guidance.

WSJ:   Some developers are launching Apple (NASDAQ:AAPL) applications for small businesses.

WSJ:   A number of consumer products companies are for sale.

WSJ:   AEP says it can eliminate carbon dioxide emissions from coal by 2025.

WSJ:   UAL (NYSE:UAUA) will order new jets from Boeing (NYSE:BA) and Airbus.

WSJ:   GE (NYSE:GE) said its credit losses should peak in 2010.

WSJ:   Media companies say ad declines are slowing.

WSJ:   Infosys is trying to cut its reliance on the US market.

WSJ:   Google’s (NASDAQ:GOOG) energy unit is working on saving electricity.

WSJ:   Biofuel companies are getting funds from the government.

WSJ:   Nomura intends to increase its presence in the US.

WSJ:   Mortgage and credit card delinquencies are expected to fall next year.

NYT:   A panel said the TARP helped stop the financial panic.

NYT:   GM will consider a quick program to repay its debt to the government.

NYT:   Google (NASDAQ:GOOG) will offer a news by topic service put together with The Washington Post (NYSE:WPO) and The New York Times (NYSE:NYT).

NYT:   The government’s mortgage relief plan is a failure so far.

NYT:   A judge approved CIT’s  plan to exit from Chapter 11.

FT:   Japan’s GDP number was revised down sharply.

FT:   A debate over Citigroup’s (NYSE:C) TARP repayment is slowing the bank’s effort to exit the program.

Douglas A. McIntyre