Media Digest 12/29/2009 Reuters, WSJ, NYTime, FT, Bloomberg

Reuters:   GM is offering huge incentives to sell its inventory of Pontiacs and Saturns.

Reuters:   Morgan Stanley (NYSE:MS) will overhaul the pay of senior management.

Reuters:   The departing AIG (NYSE:AIG) general counsel will get millions in severance.

Reuters:   JAL shares fell on bankruptcy concerns.

WSJ:   The new head of Bank of America (NYSE:BAC) is faced with fixing the firm’s troubled credit card unit.

WSJ:   The Fed is proposing a method for taking back money it has loaned to banks.

WSJ:   AT&T (NYSE:T) curtailed Apple (NASDAQ:AAPL) iPhone sales in New York City, perhaps due to overload from traffic created by the handset.

WSJ:   Russia will curtail the use of speculative capital.

WSJ:   Several consumer groups oppose the deal for Google (NASDAQ:GOOG) to buy wireless ad company AdMob.

WSJ:   Snow removal bills are cutting into state budgets.

WSJ:   The competition to supply screens for e-readers is getting heated.

WSJ:   Audi will spend $10.5 billion on factory upgrades.

WSJ:   Expensive home prices have much further to fall.

WSJ:   China’s bank landing increases could cause investment bubble problems next year.

WSJ:   Amazon (NASDAQ:AMZN) is seen as the holiday retail winner.

NYT:   More non-profits are tracking the emissions records of big companies.

NYT:   More broadcasters are pushing for high fees for carrying their programming.

NYT:   The Fed wants to set up interest bearing deposits for banks to fight inflation.

NYT:   TMZ admits it was dupped by a photo of JFK with naked women.

FT:   Google is pitching YouTube as a place for premium content companies to place their content over creating websites of their own.

FT:   JPMorgan Chase (NYSE:JPM) may not locate its European headquarters in London after a British tax on banker bonuses.

Bloomberg:   Investors Barton Biggs and Mark Faber predict a dollar rally and rise in S&P

Douglas A. McIntyre