Media

Media Digest 2/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Obama is looking for ways to cut the deficit.

Reuters:   Citigroup (NYSE:C) may sell its private equity group.

Reuters:   Toyota (NYSE:TM) will announce the fix for its gas pedals.

Reuters:   China and India factories have returned to robust output.

WSJ:   The US deficit will hit $1.6 trillion.

WSJ:   Companies that got the stimulus say they used the money to pay 599,108 workers in Q4, fewer than the number that they saved or created in the seven months after the plan when into effect.

WSJ:   Amazon (NASDAQ:AMZN) may have to raise its $9.99 e-book price to match the Apple (NASDAQ:AAPL) iPad sales price.

WSJ:   News Corp (NYSE:NWS) ended a suit with Valassis by paying $500 million.

WSJ:   Obama’s chances of cutting government spending are poor.

WSJ:   Recalls for gas pedal problems highlight the trouble with new car electronics.

WSJ:   US charities are in trouble due to the downturn.

WSJ:   Burger King (NYSE:BKS) may report another decline in same-store sales.

WSJ:   Microsoft (NASDAQ:MSFT) Windows 7 has not increased profits at Dell (NASDAQ:DELL) or HP (NYSE:HPQ).

WSJ:   The FAA may fine AMR (NYSE:AMR) for violations.

WSJ:   Defense contractors face a bumpy ride in DC.

WSJ:   “Avatar” passed $2 billion in global sales.

NYT:   JAL says it is neutral to investments from AMR and Delta (NYSE:DAL)

NYT:   New purchase manager data from China showed increased activity and inflation of prices for raw materials.

NYT:   The FDA is taking aim at drug endorsements by doctors.

NYT:   Data from across Asia pointed to further economic growth in the region.

NYT:   The iPad may give a boost to mobile advertising.

NYT:   The UK government warned businesses about Chinese spying.

FT:   The US aerospace industry fears Chinese sanctions because of  US arms sales to Taiwan

FT:   US banks face insider trading probes based on announcement of TARP infusions.

FT:   Morgan Stanley (NYSE:MS) will recruit thousands of traders.

FT:   A China watch dog criticized IPO pricing.

FT:   The US military will take over responsibility for cyberattacks and defending outer space.

FT:   A new law will force credit card companies to spell out rates.

Bloomberg:   Toyota (NYSE:TM) investors have lost $21 billion since its recalls began.

Bloomberg:   Roubini said US growth is dismay

Douglas A. McIntyre

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