Media Digest 1/6/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   A major overhaul of the global financial system is expected in 2010.

Reuters:   Kraft (NYSE:KFT) got a 1.52% acceptance of its Cadbury (NYSE:CBY) bid.

Reuters:   Gold rose above $1,120.

Reuters:   A Senate panel is near a reform proposal for the Fed.

Reuters:   The retail sector saw growth in December.

Reuters:   Auto sales ended the year strong, particularly for Ford (NYSE:F)

Reuters:   A US judge upheld limits on tobacco marketing.

WSJ:   Clothing sales were off in December due to a lack of deep discounts.

WSJ:   Warren Buffett indicated he is against the Kraft bid for Cadbury.

WSJ:   China became the top exporter, passing Germany.

WSJ:   A number of experts are concerned that the financial crisis could happen again

WSJ:   Microsoft (NASDAQ:MSFT) and Kia plan a hands free car system.

WSJ:   Google (NASDAQ:GOOG) launched it new smartphone–Nexus One.

WSJ:   Apple (NASDAQ:AAPL) will ship its tablet PC in March.

WSJ:   Pending home sales fell as a key tax credit expired.

WSJ:   Car sales in China may rise only 5% this year as a key tax credit expires.

WSJ:   Apple’s purchase of online ad sales firm Quattro puts pressure on Google.

WSJ:   Job improvement in the service sector may be many months away.

WSJ:   John Havens of Citigroup (NYSE:C) made $9 million last year making him the bank’s highest paid person.

NYT:  TV is starting to move into 3D.

NYT:   The slowing pace of home sales may mean prices could retreat.

NYT:   Retailers did not discount as deeply during the holiday season as they did last year.

NYT:   The euro dropped as the EU indicated it will not bail out Greece.

FT:   Sales of the Nintendo Wii rose in the US during December.

Bloomberg:   GM lost share to Ford (NYSE:F) and Toyota (NYSE:TM)

Douglas A. McIntyre