Media
Media Digest 12/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: Galleon’s Raj Rajaratnam was indicted for securities fraud.
Reuters: Concerns about interest rates hurt the markets.
Reuters: Inconix broke off buyout talks with Playboy (NYSE:PLA).
Reuters: Credit Suisse (NYSE:CS) settled a US probe.
Reuters: US shopping activity fell behind last year, according to the National Retail Federation.
Reuters: GE (NYSE:GE) sees flat earnings next year and will invest in its core industrial businesses.
WSJ: Debt fears about Greece pushed down European markets.
WSJ: Boeing’s (NYSE:BA) Dreamliner flew but the plane may still have trouble passes government tests.
WSJ: Abu Dhabi wants Citigroup (NYSE:C) to tear up a deal that would cost the kingdom money from investing in the bank.
WSJ: GM says it will pay its US loans by June.
WSJ: China Pacific Insurance raised $3 billion.
WSJ: Deflation hit sellers of consumer electronics.
WSJ: AT&T (NYSE:T) is working on adding wireless capacity to e-readers and toys.
WSJ: Comcast (NASDAQ:CMCSA) is rolling out a Web-TV service.
WSJ: McDonald’s (NYSE:MCD) will offer free WiFi.
WSJ: Wholesale prices rose.
WSJ: The government has to decide by year-end whether it will increase its bailout of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE).
WSJ: Potency issues force a recall of hundreds of thousands of H1N1 vaccines.
WSJ: Multi-family home construction is still slow.
WSJ: Wells Fargo (NYSE:WFC) said it will not sell assets to pay the government.
WSJ: Best Buy (NYSE:BBY) results may show that retail earnings may be weak.
NYT: Some observers believe that Goldman Sachs (NYSE:GS) has put quick profits above all else.
NYT: SAC is being linked to stories about troubling actions at the hedge fund.
NYT: The IRS says Citigroup (NYSE:C) can keep a $38 billion tax credit involved with an ownership change.
NYT: Digital Sky Technologies, a Russian firm, is putting $180 million into Zygna, a creator of online games.
NYT: Charges were dismissed against a former head of Broadcom (NASDAQ:BRCM)
FT: The amount of distressed debt in the US is falling.
Bloomberg: Gold buying by central banks is sending a “sell” signal.
Bloomberg: Greece sold 5 billion euro in bonds due in 2015 to five banks.
Douglas A. McIntyre
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