Media Digest 12/22/2009 Greece Debt Downgraded By Moody's: Reuters, WSJ, NYTimes, FT, Bloomberg

MarketWatch:   Moody’s (NYSE:MCO) downgraded Greece’s debt to A2 from A1 and said it had a negative outlook on the nation’s sovereign paper.

Reuters:   The FBI is probing a cyber attack on Citigroup (NYSE:C).

Reuters:   China is asking the WTO to rule on US duties on tires.

Reuters:   The US mortgage industry will have trouble with new disclosure rules.

Reuters:   A Chinese mining company backed out of a deal to buy a part of a US mining company when the US government objected.

Reuters:   Banks with political ties got bailouts according to a new study.

Reuters:   The US pay czar will allow incentives for some AIG (NYSE:AIG) executives.

Reuters:   GM named Microsoft’s (NASDAQ:MSFT) CFO as head of finance at the big car company.

WSJ:   A breach of Citi security by hackers, perhaps from Russia, caused the theft of millions of dollars.

WSJ:   Apple (NASDAQ:AAPL) may offer online TV subscriptions. Disney (NYSE:DIS) and CBS (NYSE:CBS) are in talks with Apple.

WSJ:   Stores are hoping last-minute shopping will make up for the weekend on which weather hurt sales.

WSJ:   Yahoo! (NASDAQ:YHOO) will shut down for a week to save money.

WSJ:   Redefault rates are hurting programs to help people with mortgage problems.

WSJ:   E*Trade (NASDAQ:EFTC) appointed a new CEO.

WSJ:   Altera named a new CFO from Sun Microsystems.

WSJ:   Alcoa (NYSE:AA) has joined a huge Saudi metals project.

WSJ:   Xerox (NYSE:XRX) and Hewlett-Packard (NYSE:HPQ) are making money on corporate printing outsourcing.

WSJ:   GM will start to run assembly lines around the clock.

WSJ:   Honda (NYSE:HMC) will expand in China.

WSJ:   China Telecom will offer the RIM (NASDAQ:RIMM) Blackberry.

WSJ:   R&D spending in the US is rebounding.

WSJ:   Dubai World started talks to restructure debt.

WSJ:   OPEC will probably keep oil prices steady.

NYT:   A business is growing to manage better returns from search ads on Google (NASDAQ:GOOG).

NYT:   The founder of Galleon pled not guilty to fraud charges.

FT:   Collapsed Lehman paid out bonuses.

FT:   China is moving to improve capital ratios at banks.

FT:   Bankers fear what many happen to some sovereign debt in 2010.

Bloomberg:   Sands China may have revenue of $5 billion.

Douglas A. McIntyre