Media Digest 1/8/2010 Reuters, WSJ, NY Times FT, Bloomberg

Reuters:   Oil is at $82 and will move based on US jobs data.

Reuters:    Reliance upped its offer for Lyondell to $13.5 billion.

Reuters:   An former SAC employee was caught in a probe of Blackstone (NYSE:BX).

Reuters:   The NY Fed tried to limit information on AIG’s (NYSE:AIG) financial issues.

Reuters:   Bank of America (NYSE:BAC) will pay bonuses close to 2007 levels.

Reuters:   Ferrero is not likely to make a bid for Cadbury (NYSE:CBY).

Reuters:   AMR (NYSE:AMR) upped its offer for a minority interest in JAL.

Reuters:   Goldman Sachs (NYSE:GS) was sued by a pension fund over its compensation practices.

Reuters:   A senior Fed official is worried about inflation risks.

WSJ:   The UK’s future is clouded by a huge budget deficit.

WSJ:   Washington is about to move ahead of NYC as the most expensive for office space.

WSJ:   The Toyota (NYSE:TM) Prius topped auto sales in Japan.

WSJ:   More companies are entering the e-reader market.

WSJ:   Google (NASDAQ:GOOG) has asked the government to become an electricity marketer.

WSJ:   Intel (NASDAQ:INTC) unveiled new PC chips.

WSJ:   The Fed’s plan to stop buying mortgage securities is worrying the home lending market.

WSJ:   Palm (NYSE:PALM) will face an uphill battle in a smartphone market with a growing number of products.

WSJ:   New TV apps are modeling their products on Apple’s (NASDAQ:AAPL) App store.

WSJ:   Baidu (NASDAQ:BIDU) is adopting a model for video like Hulu’s

WSJ:   Boeing’s (NYSE:BA) deliveries rose by orders fell.

WSJ:   Schwab (NASDAQ:SCHW) is lowering rates to bring in customers.

WSJ:   Companies cut dividends by $58 billion last year.

NYT:   Retail sales rebounded from 2008.

NYT:   China is raising interest rates to slow growth.

NYT:   Investor James Chanos sees a market collapse in China.

NYT:   A Boston Consulting Group study questions the future of electric cars.

FT:   Intel (NASDAQ:INTC) entered the smartphone market with LG, a challenge to Qualcomm (NASDAQ:QCOM).

Douglas A. McIntyre