Media Digest (1/21/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Hedge fund Loch Capital is losing customers because of ties to a witness in the Galleon case.

Reuters:   China GDP grew 10.7% in the fourth quarter.

Reuters:   Obama will target excessive financial risk taking.

Reuters:    AIG (NYSE:AIG) owes retention pay to many workers.

Reuters:   The Pentagon budget will probably kill 7 weapons programs.

Reuters:   Google (NASDAQ:GOOG) is expected to post a solid fourth quarter.

Reuters:   Starbucks US sales began to grow again.

Reuters:   The dispute between China and Google (NASDAQ:GOOG) may hurt the launch of Motorola’s (NYSE:MOT) Android-based phone. Android is the Google mobile OS.

Reuters:   Ebay (NASDAQ:EBAY) beat forecasts on strong growth from PayPal.

WSJ:   Obama plans to put new restrictions on the size and risk-taking of big banks.

WSJ:   Apple (NASDAQ:AAPL) will launch a tablet with ties to content from TV and print.

WSJ:   Microsoft (NASDAQ:MSFT) is scrambling to fix security holes in IE.

WSJ:   Amazon (NASDAQ:AMZN) plans to target Apple with new apps for the Kindle.

WSJ:   Buffett attacked the Kraft (NYSE:KFT) deal to buy Cadbury (NYSE:CBY).

WSJ:   Greek bonds are trading lower.

WSJ:   The World Bank issues a mixed forecast which points to a rise in GDP next year but warns about credit markets.

WSJ:   Amazon launched a new royalty plan for authors and publishers.

WSJ:   The New York Times will begin to charge for web content.

WSJ:   Sony (NYSE:SNE) delayed the launch of its active motion controller.

WSJ:   Difficulties with some drilling techniques for natural gas may injure the industry’s growth.

WSJ:   Sprint (NYSE:S) is being squeezed by price cuts at its rivals AT&T (NYSE:T) and Verizon (NYSE: VZ).

WSJ:   Microsoft sued Tivo (NASDAQ:TIVO) over patent misuse.

WSJ:   Stock buybacks are a way to help investors in companies faced with modest growth.

NYT:   Banks are seeing a decline in bad loans.

NYT:   Morgan Stanley had a weak quarter and strong bonuses.

NYT:   China is on a path to becoming the world’s second largest economy.

NYT:   Republicans are objecting to a panel on the deficit.

NYT:   The expanded growth of wind power may be realistic but expensive.

Bloomberg:   GE’s (NYSE:GE) shares may be hurt until financial reforms are finalized.

Bloomberg:   AMR (NYSE:AMR) will fight a Delta (NYSE:DAL) tie-up with JAL

Douglas A. McIntyre