Media Digest 3/24/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   A Chinese newspaper accused Google (GOOG) of helping US intelligence

Reuters:   JP Morgan (JPM) is close to a huge tax refund deal with the FDIC.

Reuters:   Oil dropped below $81 on surging US inventories.

Reuters:   The OECD is looking at a code of conduct for Europe’s banks.

Reuters:   US securities class action suit settlements are up 39%.

Reuters:   Fed officials are in no hurry to raise rates.

Reuters:   Bank of America (BAC) will  cut home loan principals on mortgages which are over 120% of a home’s value.

Reuters:   Google (GOOG) users are reporting erratic service from its new Hong Kong operations.

Reuters:   The home loan modification program is being oversold.

WSJ:   Former Goldman Sachs (GS) chief and New Jersey Governor Jon Corzine was named head of MF Global.

WSJ:   Geithner urged law makers to allow the US to remain in the home mortgage business despite the collapse of Fannie Mae (FNM) and Freddie Mac (FRE).

WSJ:   Daimler will settle bribery charges with the U.S. government.

WSJ:   Feinberg capped pay at AIG (AIG) and other firms.

WSJ:   Profits at Wynn Macau rose.

WSJ:   Sprint (S) unveiled the first 4G phone.

WSJ:   A Bill Gates start-up is in talks to build new reactors.

WSJ:   Google won a court case in Europe to allow advertisers to use trademarks.

WSJ:   Census data show that the migration to places like Las Vegas and Florida has reversed.

WSJ:   Conoco Philips (COP) is partly pulling out of Russia.

WSJ:   GM is making progress as its sales rise.

WSJ:   Chinalco and Rio Tinto (RTP) are in talks about a global ore alliance.

WSJ:   Nintendo is preparing a 3D device.

WSJ:   T-Mobile is speeding up its US network.

NYT:   China’s largest internet sites may not be able to expand outside the US.

NYT:   Health Care reform will force most restaurant chains to post calorie data.

NYT:   Germany may compromise on aid to Greece, adding a role for the IMF.

NYT:   More sellers are putting homes on the market, but there are few buyers.

NYT:   Pfizer (PFE) and GlaxoSmithKline (GSK) will offer vaccines to poor countries a cut rates.

FT:   The disclosures required by global derivatives traders will rise.

Bloomberg:   A new poll shows Americans hate Wall St. and want more regulations of the financial industry.

Bloomberg:   Some Chinese CEOs are siding with US on stronger yuan.

Douglas A. McIntyre