Media Digest 1/7/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:  Cadbury (NYSE:CBY) has held private talks with Hershey (NYSE:HSY).

Reuters:   Oil dropped below $83 as China said it would tighten its energy policy.

Reuters:   GM will close Saab.

Reuters:   China’s central bank hiked yields.

Reuters:   The Fed’s Bullard said the US jobless rate would start to fall.

Reuters:   Samsung said 2010 should be much improved and its chip sales are strong.

Reuters:   Sony (NYSE:SNE) said its US holiday sales beat forecasts.

Reuters:   JAL may post a $13.3 billion loss

WSJ:   GM said it will post a profit this year.

WSJ:   Apartment vacancies hit 8% last year, a 50-year high.

WSJ:   The FDIC may tie fees to the risk undertaken by high-paid bank executives.

WSJ:   Fed officials were split over mortgage securities buybacks.

WSJ:   US airline stocks are moving up quickly.

WSJ:   California will seek US funds as its deficit grows.

WSJ:   The Justice Department will lead the review of the Comcast (NASDAQ:CMCSA)-NBCU deal.

WSJ:   TI (NYSE:TXN) will enter the e-read market with new chips.

WSJ:   AT&T (NYSE:T) will sell devices using the Google (NASDAQ:GOOG) Andriod OS.

WSJ:   The ADP report says job losses continued in December.

WSJ:   P&G (NYSE:PG) is pushing its well-known brands like Olay.

WSJ:   Bed, Bath & Beyond (NASDAQ:BBBY) sales rose.

WSJ:   US album sales fell 13% last year.

WSJ:   Small banks say that they are being hurt by the need to set aside more capital.

WSJ:   Congress is considering raising taxes on PE firms and hedge funds.

WSJ:   Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) are looking at stepping up competition with Amazon (NASDAQ:AMZN).

NYT:   Internet features are being built into more cars despite risks.

NYT:   Consumers are losing in the fight between cable companies and networks as many shows go off the air.

NYT:   The FDA will review Epogen, Aranesp and Procrit after a clinical trial suggested that high doses might cause strokes.

NYT:   New York will create a global insurance exchange.

NYT:  The Interior chief will review oil and gas leases.

Bloomberg:   Iron ore hit a one-year high.

Douglas A. McIntyre