Media Digest 3/2/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   GM will recall 1.3 million cars for steering problems.

Reuters:   China would like one price for iron ore to cut commodity speculation.

Reuters:   Two software services will help telcos as they offer alternatives to Google’s (GOOG) Android and Apple’s (AAPL) operating system.

Reuters:   Toyota (TM) will announce March sales incentives.

WSJ:   Staffing problems at federal agencies are holding back jobs programs.

WSJ:   The Senate is close to a deal for banking reform.

WSJ:   AIG (AIG) got about double what it might have for its Asia unit by not selling it a year ago.

WSJ:   GM will announce a shake-up in its sales operations.

WSJ:   Rio Tinto (RTP) uses robots to mine some iron ore.

WSJ:   Japan’s jobless rate improved.

WSJ:   Goldman Sachs (GS) added “bad press” to its list of risk factors in SEC filings.

WSJ:   Deflation is a threat to the eurozone.

WSJ:   The NYSE is in a fight with the IRS over payments for former CEO Dick Grasso.

WSJ:   Debt from sovereign nations may be no more attractive than some corporate debt in the future.

NYT:   Data shows that Toyota (TM) did not recall some Camry models that had problems.

NYT:   Digital billboards may hurt highway safety.

NYT:   An error blocked Sony (SNE) PS3 players from access to the games network.

NYT:   Dodd wants to give the Fed the role of consumer protection agency.

NYT:   The Greek government said more cuts in its budget needed to be made.

NYT:   GM tripled it investment in Opel.

FT:   Asia funds, some of them sovereign, will back Prudential’s deal to buy AIG’s Asia insurance unit.

FT:   Goldman Sachs (GS) had a record number of $100 million profitable trading days last year.

FT:   The volume of global goods traded rose 4.8% in December.

Douglas A. McIntyre