Media Digest 3/16/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Fed is likely to keep interest rates low for some time.

Reuters:   China said the yuan in not behind the US trade gap.

Reuters:   A record number of Chinese are unhappy about inflation.

Reuters:    The recession left “walking wounded” workers according to a study.

Reuters:   Dodd will boost the power of the Fed in his financial reform legislation.

Reuters:   Toyota (TM) cast doubts on a runaway Prius clam in California.,

Reuters:    A group of Congressmen pressed the Administration on the price of China’s currency

Reuters:   Sony (SNE) made a $250 million deal with Michael Jackson’s estate.

Reuters:   Wachovia is in talks to settle with regulators about money laundering charges.

WSJ;   Lehman fired the whistle-blower in 2008 who brought problems to the government’s attention.

WSJ:   A rocket from start-up SpaceX will carry a Loral rocket into space.

WSJ:   Boeing (BA) and Airbus face competition from Bombardier and Embraer

WSJ:   The Dodd legislation will set up a series of series of winners and loser which will increase the fight between bankers and Congress.

WSJ:   Google’s (GOOG) exit from China would help Microsoft (MSFT)

WSJ:   Twitter may become available in China soon.

WSJ:   Dell (DELL) filed charges against Sony (SNE), Toshiba, Hitachi, and other Asian firms for cartel price setting.

WSJ:   China sold $5.6 billion in US Treasuries in January.

WSJ:   Consol Energy will pay $3.4 billion to acquire the Appalachian exploration-and-production business of Dominion Resources.

WSJ:   PepsiCo (PEP) plans a $15 billion share buyback.

WSJ:   Walmart (WMT) will expand the number of states were it offers bank services by 50%.

NYT:   More than $700 billion in junk bonds will mature over three years starting in 2012.

NYT:   Moody’s said US debt might hurt its Aaa rating.

NYT:   Senators moved to pass the new jobs bill.

NYT:   Europe created a system to make loans to Greece.

NYT:   Medicaid cuts are forcing doctors and patients out of the program.

FT:   Congressional members pressed the Administration to challenge China on the price of the yuan.

FT:   Barclay’s (BCS) looked at buying part of UBS (UBS) before it bought Lehman assets

FT:   Emerging market bond sales hit a record.

FT:   The major report on Lehman raised derivative clearing concerns.

Bloomberg:   Over several years Ford (F) had major problems with accelerators.

Bloomberg:   Europe faces a major struggle with the US over hedge funds and private equity firms.

Douglas A. McIntyre